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LATEST NEWS & EVENTS Family debt problems 'on the rise'  The personal insolvency rate in the UK could be set to increase, after it was claimed by a debt charity that more families are struggling to pay money they owe. According to the Consumer Credit Counselling Service (CCCS), families are at particular risk of insolvency. Analysis of 470,000 households by the charity reveals that these families face rising costs and falling incomes, as well as potential job losses. The CCCS says that homeowners are worse off than renters, with the average mortgage holder client owing more than £30,000 in unsecured loans on top of their house loan. Commenting on the findings, the charity's chairman Lord Stevenson described the outlook for many as "bleak". The information from the CCCS ought to "assist policy makers to understand better the impact of their policies, as well as helping us to tailor our services to those who need it most", he added. Earlier this month, the CCCS warned that low incomes are fuelling the personal insolvency rate, with three-quarters of people advised by the charity to file for bankruptcy earning less than the average wage. Posted by Georgina Price 
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