Press Release Summary = As debt problems continue to rise, the need for good debt advice is being felt widely. Also, since there are no accreditations or standard ways to deal with clients, many clients do not rely on debt advice companies in their difficult times. Good and effective debt advice will surely prevent many personal loan consumers from facing worse situations.
Press Release Body = London (loans-bazaar) November 23, 2006: Debt Free Direct, a company engaged in providing independent debt advice, says that consumers need to have good debt advice.
Increasing number of personal loan holders are falling prey to debt problems. The lack of proper advice is cited as one of the main reason for the debacle.
The company says that many consumers are not receiving good advice about how to deal with debt as there are no accreditations or clear regulations for debt advice companies or standard ways to deal with clients. This makes it all the more difficult for the consumers to deal with the debt advice companies.
The company proposed more accreditation and regulation of the industry so that consumers could be sure they were getting a good deal. There are large number of debt advisors in the financial market and therefore some sort of accreditation and regulation of the industry is needed to set the things right.
Debt Free Direct warned that they were expecting a record number of Individual Voluntary Agreements in the coming months as consumers continue to take on debts that they often find hard to cope with.
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