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LATEST NEWS & EVENTS Debt charity warns of mortgage arrears surge  The number of homeowners facing mortgage arrears is likely to rise as inflation and wage freezes put pressure on people's finances, it has been claimed. Personal insolvency and debt charity the Consumer Credit Counselling Service (CCCS) is warning that a rise in interest rates this year will see more people struggling to meet their mortgage payments. The charity counselled 90,000 homeowners last year, who had an average unsecured debt of £30,160. Although persistent low interest rates caused a 70 per cent drop in calls to the CCCS in 2010, the charity forecasts that these will rise again when interest rates go up. Delroy Corinaldi, external affairs director at the CCCS, says: "So many households are just managing to make ends meet, that even a small increase in the cost of their mortgage may push them over the edge." The CCCS recently warned that a combination of rising unemployment and inflation will lead to more personal insolvency issues. It noted that almost half of the people it counselled in the last year cited losing their job or falling income as the main cause of their debt problems. Posted by Georgina Price 
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