MoneySolve Calls on Creditors to Issue Debt Advice

By Moneysolve, PRNE
Monday, June 7, 2010

MANCHESTER, England, June 8, 2010 - Debt management (www.moneysolve.co.uk/) experts at MoneySolve
believe that adults who are struggling to keep up repayments on loans or
credit cards should be given more debt advice options by their creditors. The
debt experts believe that creditors issuing payment chasing letters to those
struggling to keep up with their financial commitments should make a range of
options known to the debtors, commenting that:

"If someone is struggling to make payments on a regular basis, it's clear
that there is a problem there. Rather than just writing to a debtor demanding
payment and including a single number they can call for help, creditors
should make a range of options available on the letter. These are people
clearly in need of some help but many will feel intimidated approaching the
creditors for advice. With that in mind, it makes more sense for creditors to
issue the contact details of a range of debt advice services, including some
of the many charities."

MoneySolve advisors believe that this will encourage more people to seek
help where needed earlier.

"If there are more options there, including some options that are
independent of the creditors themselves, this will encourage debtors to go
and seek out the help they need."

MoneySolve provides free, confidential debt advice to those experiencing
financial difficulty. For advice or help tailored to your personal
circumstances, call 0800 040 7064 or visit our website at
www.moneysolve.co.uk.

Contact: MoneySolve, Elizabeth Beesley, Astute House, Wilmslow Rd, Handforth, Cheshire SK9 3HP, +44(0)1625-544789

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