The number of families struggling with debt, which may caused in part by credit card charges, has increased. That is according to research by the UK's leading debt charity, Consumer Credit Counselling Service (CCCS). CCCS found that factors such as job losses and reduced income from work will leave many households struggling to pay debt in the coming months. Findings from the charity's 2010 Yearbook reveal that around a third of consumers are unable to pay the debt they owe. CCCS chairman Lord Stevenson said: "The picture is undoubtedly bleak and it seems likely that many more families, including better-off ones, will be increasingly prone to over-indebtedness in the months ahead. "It is also not a uniform picture across the country: public sector cuts in terms of jobs, spending and benefits will weigh disproportionately on certain groups of people." The 2010 Yearbook showed that families are particularly vulnerable. It showed that families with more than three dependent children are short an average of £45 every month. Charles Baker Charles is a reputed financial analyst with almost decades of experience under his belt.
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