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Unpaid credit cards force personal debts up

By Sarah Engle, Mon 23 Jan 2012 - Published in Credit Cards

Debts in the north of Northamptonshire are continuing to rise due to unpaid credit card bills, high interest loans and mortgage arrears.

Figures obtained by the Evening Telegraph have shown that people were contacting the Citizen's Advice Bureau (CAB) for debt advice. The organisation said that some cases reported to have debts of up to £40,000.

Many companies have been warning people about the implications of short term loans and credit cards. Payday lender Wonga was heavily criticised for trying to entice students to take up high interest loans as a way to pay back any debt they had amassed whilst at university.

In Northamptonshire the CAB found that between October and December those contacting it had debts totalling £486,745 up on the previous year's figure of £362,857.

Maggie McLeod, CAB debt advisor for Corby and Kettering, told the source: "People struggling to pay their bills are finding it too easy to get cash through pay day loans. Sometimes they don’t even have to speak to someone to get the cash."