The Credit Services Association (CSA), which represents the UK debt collection industry, has today revealed a significant fall in the money they collected in the first quarter of 2005 – suggesting that people are finding it harder than ever to pay off their debts.
CSA members have reported that turnover was down by as much as ten per cent (year-on-year and seasonally adjusted) in the first part of this year.
The news comes despite the fact that the UK debt mountain is higher than ever, with the amount of debt passed to CSA members to recover now exceeding £5 billion, comprising 20 million cases.
For this complete story, please visit UK Debt Collectors Go Empty-handed as Paying Off Debts Get Harder.
