Well that's six resources posted to our Information Service now! We've just uploaded Debt Advice Trends to 2010! The report analyses a range of secondary sources pertaining to the levels of personal borrowing in the UK and the provision of free-to-client debt advice. It also attempts to quantify and project the total level of demand for debt advice by correlating a range of reports and statistics - all very topical given the recent uncertainties surrounding FIF debt advice. Key findings include:
The total value of personal borrowing remained largely stagnant from the end of 2008.
In contrast, the value of secured borrowing increased by 4.3% between January 2008 and December 2010.
Estimates for debt advice provided in 2009 range from 3 to 7.7 million clients.
Zero-credit estimates unmet need for debt advice to be in the region of 15 million adults.
Since 2003, there has been a distinct increase in the numbers of home owners, middle income earners and older people seeking debt advice.
The Over-indebtedness Strategy has yet to report statistics or projections for the provision and demand for debt advice nationally.
We're coming up to next our password change for access to the subscription area, so if you haven't already subscribed for unlimited access, you know what to do! Later next month we'll be offering a free two-week trial to another group of organisations with an interest in consumer finance, and as always our Members enjoy one week's access every month. If you think we should offer you a free trial, why not e-mail TheSecretary@debtors.coop and we'll see if we can accommodate you?
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