'Priority debt' grows in Kent
'Priority debt' grows in Kent
Wednesday 17th September 2008
According to figures from comparison website IVA.com, the average debt of those signing up for individual voluntary agreements (IVAs) rose by more than £10,000 between May and August 2008.
CAB believes that it has seen the most significant increase in debt problems among those who are struggling to meet even basic costs.
Charity manager Simon Field warned that for many in Canterbury the situation is getting "desperate".
He told Canterbury Today: "We are seeing an increase in priority debts - that is debts that mean the difference between keeping a roof over someone's head or feeding their family."
"Increasingly we are having to say to people that credit card bills and bank loans are going to have to wait while we concentrate on these priority debts," he added.
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