Wednesday 6th April 2011 A debt advisor has revealed the startling amount of users that logged onto its site during what has been dubbed a night of debt panic.The Consumer Credit Counselling Service (CCCS) reports that 50,000 people logged on to their website between midnight and 7am for help last year.The debt charity said it suspects that many victims desperately try to bury their heads in the sand about their debt problem, during the day and then become riddled with worry in the early hours of the morning.It is thought another factor contributing to the high influx of night time hits is down to people hiding their debts from their spouse or partner.As a result, people in debt may be unable to seek debt help during the day while they are at work or at home.According to the Daily Mail, around 15,000 sought help between midnight and 1am of the 49,826 total. Around 3,500 used the website’s free online counselling service between 4am and 5am.A CCCS spokesman said: “Dealing with debt is incredibly stressful so it is not surprising that many people, unable to sleep, seek debt counselling in the middle of the night.The CCCS service asks users to enter their income and expenditure and then recommends a course of action.He said: “Debt problems are very emotive and often leave people feeling ashamed that they cannot keep up with their credit commitments.“It is not unusual for people to keep their debt problem hidden from their loved ones so middle-of-the-night debt counselling is a way to seek help without their partner and family knowing.”A recent Post Office report found that one in three people who are in debt hide the true extent of their financial problems from their family.This comes as the number of people who are declared insolvent in England and Wales has hit an all-time high of 135,089, which is a number that is likely to keep on rising as the soaring cost of living cripples people’s finances, particularly if mortgage interest rates are increased.A typical CCCS client has a surplus of just £43 a month after paying for all their essential bills.On average, they have debts of £24,364, which is only just below the total amount earned by a typical worker in a whole year.It is not the only example of people choosing an unusual time to look after their finances.HMRC said that 845 people filed their tax return on Christmas Day last year, and 96 people did it between 11pm and midnight on New Year’s Eve.
Manchester debt firm is liquidated owing creditors over £2.2m
Wednesday 11th August 2010
Bankrupt football legend probed by police over loan fraud
Monday 2nd August 2010
Mortgage broker ordered to repay £1.5m of client money used to pay off debts
Wednesday 14th July 2010
Barclays lifts lid on banking write-offs
Wednesday 20th February 2008
Send To Friend Print
RSS Feed News Archive If you have any queries about this news story or our news section, please contact us
Posted in: 
0 comments:
Post a Comment