/24-7PressRelease/ - LONDON, UK, September 19, 2007 - A recent research by Chiltern, a debt management firm, shows that people shirk away from admitting the fact that they are facing serious debt problems. The firm found that little more than 2 per cent people admit to being 'over-indebted' whereas around six per cent meet the official criteria used by the government to define over indebtedness.
Refusing to accept the debt problems won't serve any purpose. After all, debts do not go away. They need to be repaid and delaying the situation may make the matter worse. Debt management tools like debt consolidation, IVAs can help borrowers. There are many independent firms that provide debt counselling services. Debt consolidation loans are also available to let borrowers get a second chance to be right back on the track.
In an interview with the Daily Telegraph, Chancellor Alistair Darling warned the banks to be more careful while lending money. He said: "In crude terms lenders need to know who they're lending to, how much they're lending and what the risk is."For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit http://www.loans-park.co.uk/
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