Academic journal article Manager

Charity Urges Managers to Support Staff with Debt Problems

Academic journal article Manager

Charity Urges Managers to Support Staff with Debt Problems

Article excerpt

Leading debt charity, Consumer Credit Counselling Service (CCCS), is calling on managers to support workers with debt problems. The charity, which has seen a sharp rise in calls to its helpline, says that the UK's personal debt pain is growing and that managers and employers are in an important position to help those who find themselves facing unmanageable debt

The charity says that organisations need to encourage staff with debt problems to seek help immediately. It says that the sooner people seek help for their debt problems, the more can be done to help them, and that delays can lead to more serious consequences.

CCCS says that employers should also refer staff to free sources of debt advice to prevent them from going to companies who will charge them for dealing with their debt problems. According to the charity, these companies can charge thousands of pounds and usually front-load the fee, which results in people spending the first few months of a debt repayment plan paying the fee instead of repaying their debt. …

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