Debt advice in big demand in the view of debt advisors.



Paul A Jones is from Liverpool John Moores University Research Unit for Financial Inclusion.

He said there is a greater than ever need for more 'affordable, accessible and appropriate financial services' to help people with debt problems.

While the senior researcher admitted an expansion of debt advice and access to affordable credit, he says the recession and financial crisis means 'people are facing increasing financial difficulty'.



He said: "Access to available credit is … becoming more difficult – particularly for those on the lowest incomes. We have seen rises in mortgage arrears, rapid expansions in demand for debt advice and personal insolvencies are rising."

While many people are opting for debt management companies as debt consolidation is no longer an option. Some of these companies often don't have your best interest at heart.



A Brooke from debt management company Gregson and Brooke said "We have seen an influx of clients over the last few months. Many of which switched from other companies to ours, based on the current fees they were paying.

I had been in debt myself and it was one of the reasons why I started this company. It makes me sad to see that there are some unscrupulous debt management companies out there preying on the vulnerable."



What you should expect from a good debt management company:



1) They will approach all of your creditors and rearrange the agreements for paying back your debts.

2) This should then mean that your interest rates are frozen (not all creditors do this).

3) You should have a single affordable monthly payment.

4) They should without question contact your creditors on your behalf if you have an issue.

5) They should at all times be helpful to you and offer a good advice, as you are paying for a service.

More details can be found at http://www.gregsonandbrooke.co.uk/call-us-for-friendly-advice