More people seek financial advice

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.