While many business and industries are facing a downturn, one group’s flooded with work: debt counsellors …, Anna Hpisley hears more from Anthony Warner, Chief Executive of Get Debt Free (Economy Business and Finance, Debt Management).
Broadcasted on 3/11/2008
THE economic hard times are beginning to bite, with thousands of people unable to pay their bills now desperate to cut a deal.
Debt agencies report they are working seven days a week as people, even those earning more than $100,000 a year, flood the phone lines asking for help in tackling credit card debt and personal loans they are no longer able to repay.
“Six months ago we were getting around 500 calls a month. Now, it’s 800 calls,” said Anthony Warner, chief executive of Get Debt Free.
Most of the people who contacted him felt they were “getting nowhere”, Mr Warner said, as they struggled to pay off their debts in increasingly tough economic times.
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