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Reckless lending leads to an explosion in personal debt

Released on: October 15, 2007, 2:32 am

Press Release Author: Dave Greenwood

Industry: Financial

Press Release Summary: With personal debt in the UK at an all time high, DCM Money
Solutions (www.dcmmoney.co.uk), one of the UK's leading debt management companies,
has welcomed the BBC's Panorama programme on sub-prime loans.


Press Release Body: With personal debt in the UK at an all time high, DCM Money
Solutions (www.dcmmoney.co.uk), one of the UK's leading debt management companies,
has welcomed the BBC's Panorama programme on sub-prime loans.

The company has seen a significant increase in the number of low-income families or
borrowers with a poor credit rating who were led to believe they could get a step on
the housing ladder - only to end up with huge debts and in many cases losing their
homes.

DCM Money Solutions, Managing Director, John Baird, said: "We have seen an explosion
in personal debt in this country over the last 18 months. Last night's Panorama
programme on BBC highlights how it is often the most vulnerable in society who are
targeted and are victims of mis-selling.

"This is something we hear everyday from worried consumers who have been misinformed
about their ability to repay these types of mortgages and end up getting themselves
into financial difficulty."

DCM Money Solutions has a network of UK Regional Business Partners and trained
counsellors who provide advice for people who get themselves into debt or are
looking for a solution to a financial problem.
You can reach DCM Money Solutions via the web (www.dcmmoney.co.uk), or on 0845 120 1
120


Web Site: http://www.dcmmoney.co.uk

Contact Details: DCM Money Solutions
3 Hope Drive
The Park
Nottingham
NG7 1DL
0845 120 1 120

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