More job losses could mean rise in debt problems

The number of people seeking debt management help could rise this year, as a new report claims a quarter of a million more jobs will be lost over the next six months.

The Chartered Institute of Personnel and Development predicts unemployment will peak this summer, at 2.8 million, but should then start to show signs of recovery.

For those in work, there's a warning to expect another year of pay freezes and below inflation wage increases.

The private sector is likely to be worst affected as the recession continues to bite into the new decade.

Kevin Still, Director of Atlantic, says "Loss of income remains Atlantic's number one reason for clients starting a Debt Management Plan (DMP)."

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