Senior Citizens Dealing with Debt in the UK are Helped by CCCS

There has been a clear lack of good news in terms of debt and the economy in the UK over the past year, but positives are starting to work their way onto the surface. One of the positives is the fact that the Consumer Credit Counselling Service has thrown their hair into the mix and have stated they are dedicated to helping retired Britons work their way out of debt. For senior citizens trying to work their way into debt management plans or dealing with overwhelming debt, the CCCS has just launched a new and exciting equity release programme. This type of debt management plan could be just what a lot of people in the UK are looking for as they battle back from the recession.

The even better news is that the initiative is going to be completely fee-free and teach retirees how to improve their quality of life even things do not look so positive right now. CCCS will be teaching people in the debt management programmes how to avoid repossession, live within their means, and cut down or prevent debt and or bankruptcy. With the drastic change in the economy, new regulations, and increase in fuel bills, there are many pensioners that simply do not know how to deal with a rise in expenses or the effects of the recession. While there are classes, programs, and other ways for senior citizens to become informed, there is hope that the CCCS program could be a lot more beneficial and rewarding. Especially considering that the debt management programme is free for people who require it.

The organization has made this move based on the fact that there has been a steady and powerful increase in the amount of senior citizens and retirees desperate for debt help in the UK. The chairman of the organization, Malcom Hurlston, noted that the use of equity release has the ability to single-handedly change the economic future for an unprecedented amount of older people. He also added that the company is dedicated to making this debt management plan available to as many people as possible, and that they hope to continue to develop programs and products to help ward off post-recession problems.
The increase in the amount of senior citizens that own homes has given them the capital needed to free themselves from seemingly insurmountable debt, and CCCS is hoping to show them how.
This support from the CCCS coincides with new statistics that surfaced from the Conservatives supporting the fact that an ever-growing number of pensioners are struggling to remain debt free. Fuel poverty is a major issue in the UK and there has been a four-fold increase in pensioners dealing with debt and bankruptcy in the last five years alone. If this program can cut down on that number even just a little bit then it will definitely be considering an overwhelming success by the people who desperately need it.