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Debt in Swindon `on the rise`

21/04/2009

Debt levels in Swindon are on the increase, new figures suggest.

A poll of 48 respondents conducted recently by the Swindon Advertiser revealed a combined debt of £1 million, the publication attests.

The newspaper states that its findings corroborate statistics from the local Citizens Advice Bureau, which claims to have seen a 60 per cent increase in redundancy issues brought to it between October 2008 and March this year.

In addition, it says there has been a 42 per cent rise in enquiries concerning bankruptcy between January and March 2009.

Meanwhile, branch manager Claire Newport said there had been a 17 per cent increase in people going to the bureau with debt issues over the last quarter.

She added: "It`s not necessarily that people have left it too late, but they have got to the point where they can`t cope on their own."

Research published recently by Unbiased.co.uk suggested that consumers are increasingly prioritising debt repayment, with a combined total of £38.6 billion worth of non-mortgage debt repaid last year.
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