Reckless lending leads to an explosion in personal debt

With personal debt in the UK at an all time high, DCM Money Solutions (www.dcmmoney.co.uk), one of the UK’s leading debt management companies, has welcomed the BBC’s Panorama programme on sub-prime loans.

The company has seen a significant increase in the number of low-income families or borrowers with a poor credit rating who were led to believe they could get a step on the housing ladder – only to end up with huge debts and in many cases losing their homes.

DCM Money Solutions, Managing Director, John Baird, said: “We have seen an explosion in personal debt in this country over the last 18 months. Last night’s Panorama programme on BBC highlights how it is often the most vulnerable in society who are targeted and are victims of mis-selling.

“This is something we hear everyday from worried consumers who have been misinformed about their ability to repay these types of mortgages and end up getting themselves into financial difficulty.”

DCM Money Solutions has a network of UK Regional Business Partners and trained counsellors who provide advice for people who get themselves into debt or are looking for a solution to a financial problem.
You can reach DCM Money Solutions via the web (www.dcmmoney.co.uk), or on 0845 120 1 120