Page last updated at 12:51 GMT, Tuesday, 7 October 2008 13:51 UK

More people seek financial advice

CAB
The charity has seen an increase in people needing help

The Citizens Advice Bureau (CAB) in Londonderry has said it has seen a big increase in the number of people seeking advice on debt since April.

The charity has dealt with a rise in inquiries during the credit crunch. In one day they dealt with two house repossessions and six insolvencies.

Rosemary McCormack, a supervisor with Derry CAB said many people are running out of ways to manage their debts.

"We're finding a great number of people now considering bankruptcy," she said.

"Previously people would have been in a position where they could've considered a wide range of options, like debt management plans or Individual Voluntary Arrangements (IVAs), but that's no longer the case," she added.





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