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When someone is drowning in debt, the promise of a quick fix may appear very attractive.
According to recent Bank of England figures, net consumer credit borrowing increased to 1.7 billion in June the highest level since April 2018.
While many people find their credit manageable, rising bills could leave some struggling to pay back their debts.
But charities have been urging people to be cautious when looking for help -Does as the wrong options could make problems worse.
StepChange, Citizens Advice and the Money Advice Trust the charity that runs National Debtline and Business Debtline have warned …
Read the full article at: https://www.independent.co.uk/money/promises-national-debtline-bank-of-england-citizens-advice-stepchange-b2399228.html