MANCHESTER, England, Sept. 16 /PRNewswire/ -- IVA experts at MoneySolve have condemned irresponsible lenders who contribute to the growing number of personal debt problems in the United Kingdom.
The press has been quick to pick up recently on credit offers from major lenders that, in some cases, are offering cheaper credit than prior to the recession.
MoneySolve's experts fear this could add to the growing number of UK insolvencies, saying;
"Of course, on a personal level we all have to take some responsibility for the money we borrow and for paying it back. But lenders have to be held accountable in instances where borrowers are able to obtain credit limits that are essentially way beyond their means. The lenders and providers are supposed to be the experts here and if we're really going to tackle the growing personal debt problem, there have to be tougher restrictions in place on lending. Every year we see more and more people becoming insolvent and in many of the cases we deal with here, consumers lending more than they can realistically pay back plays a large part in their problems."
If you're experiencing debt problems and would like to speak to a professional for free, confidential advice, contact MoneySolve Debt Management on 0800 040 7064 or visit http://www.moneysolvedebtmanagement.co.uk/
SOURCE MoneySolve
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