More than 60% of people who contact consumer help groups, are seeking practical advice with regards to issues of credit and loan management.
Personal financial management has become one of the Governments top focuses of late, following on from a recently conducted survey, which revealed that vast numbers of people around the country lack the basic knowledge required to budget their finances appropriately.
These findings are further supported through an announcement made by one advice group in particular, which claims that the number of people seeking budgetary help with regards to their personal loan and credit card commitments, have increased by more than 15% in the last 12 months alone.
A spokesperson for the group commented that due to the substantial rise in the number of people actively seeking help with regards to controlling their personal credit commitments, a new, tightly focused set of promotional documents would be circulated amongst those affected.
In addition, the Government has also divulged its intentions to tackle the problem at its source, through the introduction of money management classes in schools. It is also believed that similar classes will be offered to members of the adult community at a later date.
