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Debt problems 'growing in the UK'
New figures have highlighted that the number of debt problems arising in the UK has risen.
The study by Citizens Advice revealed that the body is increasingly being approached over such issues, with the number of problems growing at an annual rate of 21 per cent in the past 12 months.
It was also revealed that significant rises have been seen in the number of people seeking advice on mortgage and secured loan arrears, as well as fuel debt.
David Harker, chief executive of Citizens Advice, said the impact of the recession is likely to be felt by many for "a long time to come".
He added: "Every community is experiencing a change in circumstances. These new statistics show how many people are struggling as a result of losing their job or a reduction in pay or hours, leading to difficulties managing loan repayments."
Recent research published by Money.co.uk revealed that around 30 million Brits are expected to fall into debt over the festive period.