‘Act before your debt overwhelms you’ - CAB

John Belshaw, Money Advisor at Lisburn CAB, was speaking after it was revealed the Bureau dealt with 290 new clients seeking advice on debts totalling £5,681,365 during 2010 - an average of just over £19,500 each.

He said there are few people who have been unaffected by the current economic downturn.

“With rising prices, benefit cuts, overtime bans and job losses, previously affordable credit repayments may soon become unmanageable and lead to a spiral of uncontrollable debt” Mr Belshaw said.

And he encouraged anyone struggling to make payments towards their credit commitments to seek help as soon as they become aware there is or may soon be a problem.

“When making a payments to creditors becomes difficult, debts can grow rapidly and soon become a big problem” he said. “Unfortunately many people will wait until they are faced with legal action before seeking advice.”

Mr Belshaw continued: “There will always be a solution and the earlier the problem is addressed the easier it is to deal with. We would therefore urge anyone worried about debt to contact us sooner rather than later.”

Lisburn Citizens Advice Bureau has two experienced Money Advisers who provide free confidential advice to anyone concerned about personal debt including mortgage arrears, rent arrears, credit/store card debt, catalogue debt and doorstep lenders.

If appropriate, they can negotiate reduced payment plans with creditors on behalf of individuals. They also offer advice on bankruptcy and will assist clients complete bankruptcy forms.

If you are having problems paying your debts and wish to speak to a Money Advisor contact John or Sheila on 92 627977, Monday to Friday 9am to 5pm. Evening appointments can be arranged.

Bureau Manager John Maxwell reminded the public that the new appointment system for general advice starts on Monday 7th February. The phone number for general advice is 92 665521.