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Debt Advisers Direct predicts June Interest Rate Rise – the final straw for some?


The widely speculated June interest rate rise to 5.75% - the first consecutive monthly increase in three years - would be a further blow for consumers still reeling from the May increase says financial solutions provider Debt Advisers Direct.

Borrowers who are already overstretched by monthly bills and repayments could find themselves faced with an extra £20 a month to pay on a mortgage of £100,000 - potentially adding to the growing number of people seeking debt advice.

With the number of home repossessions being sought rising to 33,715 in Q1 2007, Debt Advisers Direct expect more people to be actively seeking debt management and debt consolidation solutions for their unsecured debts in order to afford the mortgage payments on their property.

Offering a comprehensive range of financial solutions, Debt Advisers Direct is able to provide free, realistic debt advice and positive help to people from all walks of life and every type of financial circumstance. Their trained experts guide callers to the most appropriate solution – based on their situation – and can provide a complete service for debt consolidation, debt management and IVAs.

“The old fashioned view that there is a stigma attached to being in debt should not stop people seeking out a responsible solution to their problems,” said a Debt Advisers Direct spokesperson. “There are many excellent solutions to financial difficulties and talking to an expert sooner rather than later could make all the difference: Getting trustworthy, knowledgeable advice is key to avoiding some of the pitfalls that many come across when trying to resolve debt problems alone.”

About Debt Advisers Direct

As part of the Think Money Group, Debt Advisers Direct has over 14 years experience in financial solutions, making them one of the longest established UK based debt specialists. Having helped hundreds of thousands of people to date, it’s easy to see why many turn to them first. “Our philosophy is to provide a one to one service for our clients, with every customer given their own personal point of contact who deals with their finances. People need to feel that they can talk to a real person on a subject as complex and personal as their money, rather than a faceless organisation,” says Debt Advisers Direct. “Our goal is to take away the stress that clients associate with having to sort their debts out and help them get their lives back on track as quickly and easily as possible.”


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