Financial obligation difficulties with high expense credit services and products from 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 claims there’s been a change into the cost that is high market given that amount of people looking for assistance for difficulties with these sub-prime items has increased by 16per cent during the last 12 months (from 1,962 between April and June 2015 to 2,272 in identical duration this current year), as the amount of people with cash advance financial obligation dilemmas has reduced.
Throughout the last one year Citizens information assisted 7,500 individuals with lease to possess financial obligation dilemmas, 1,100 with guarantor financial obligation issues and 460 with logbook loan issues.
