CAB sees rising number of clients seeking debt advice

Around 200 CAB money advisers have met at the second annual Citizens Advice Money Conference being held in Westminster today (5 November) to discuss the impact of the challenging economic climate on clients, current policy proposals and forecast how the next year is likely to develop for the advice sector.

Speaking at the event, Teresa Perchard, director of policy for the national charity which has over 16,000 volunteer advisers, has emphasised the need for joined up thinking between government departments, lenders and business if the advice sector is to be able to assist growing numbers of people in financial difficulties.

She said: "Bureaux are already dealing with increasing demand for specialist money advice, and increased enquiries on mortgage and secured loan arrears and fuel debts.

"We are looking at every possible way we can help more people over the next year. But government and others shouldn’t take this for granted.

"We are monitoring levels of demand closely, it is important that people get the support they need in difficult times.

"CAB advisers are continuing to report devastating tales of how repossessions and debt are affecting families' lives – it is crucial that government and lenders listen actively and respond positively to this.

"We also urge people in financial difficulties to seek help earlier, as delaying only makes matters worse."

Other speakers at the conference include a keynote speech from the chief executive of the Office of Fair Trading John Fingleton and an 'ask the creditors' session which will see representatives from banks, bailiffs and credit providers facing questions from the audience on their collection and enforcement practices.