MI_11-13_debt man.qxd 22/1/09 18:06 Page 3
Debt management | 11
Facing
debt
Richard Hurst,
director at The
Charlbury
Group, looks at
why your clients try and
avoid their debt issues
and what you can do
about it
T
here are few people left for whom
the words 'credit crunch' will not
have some personal meaning, even
if it is a slight apprehension about
their own job security or the reali-
sation that an empty shell in the
high street used to be their favourite shop.
Predictions in our sector are rife with claims
that this year over 500,000 borrowers will be in
mortgage arrears and up to 90,000 homes will be
taken into possession. Additionally, we can fur-
ther appreciate the scale of the problem if we look
at statistics from the government funded National
Debtline which reports that in November 23,000
people called to ask for advice on outstanding
debts - some 40 per cent higher than last year.
Furthermore, there was an increase of 30 per cent
of people concerned about mortgage arrears.
Most mortgage advisers are faced with an
impossible task in helping their clients with initial
debt problems. Why? Well, simply that unless the
client contacts them (or they happen to be psy-
chic) they will simply not be aware of the
© Digitalstu...
www.mortgageintroducer.com February 2009 Mortgage Introducer
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57