Debt difficulties with high price credit items regarding the increase as pay day loan problems fall

Debt difficulties with high price credit items regarding the increase as pay day loan problems fall

Today more and more people are struggling with debts for guarantor loans and rent to own credit products, Citizens Advice reveals.

The charity states there’s been a change into the high expense credit market due to the fact amount of people looking for assistance for issues with these sub-prime items has risen by 16% during the last 12 months (from 1,962 between April and June 2015 to 2,272 in identical duration this present year), although the amount of people with pay day loan financial obligation issues has reduced. Read more