Debtors who are self-employed are less able to repay what they owe compared with those who work for other people.That is according to research by leading debt charity Consumer Credit Counselling Service (CCCS), which revealed that its specialist Self-Employed Centre helped over 10,000 people deal with their debts last year.Of those helped, only 17 per cent were recommended a debt management plan, a figure is markedly less than the average of 27 per cent for CCCS clients overall.Geoff Waugh, head of the CCCS Self-Employed Centre, comments: "The problem for most self-employed people who seek our help with their debts is that they have very low income levels."Not only are a large proportion not earning enough to repay what they owe, a significant number don't earn enough to cover the cost of day-to-day living."The CCCS suggest that part of the problem is that a large number of people decided to set up their own businesses in the past few years after being made redundant.Amir HussainAmir specialises in personal loans, consumer debt and debt management.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
Please note that calls may be recorded and email traffic monitored for the purposes of security and staff training.
* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.