Council Tax Debt Cannot Be Ignored Following New Report, says CTACIC Thursday 26 February 2015 PDF Print Local authorities, who themselves had their budgets cut by 10 per cent, are now charged with the debt management The reaction comes following an in-depth report in financial website This is Money detailing news that council tax repayments have overtaken credit cards as the number one cause of personal debt in the United Kingdom. New research suggests that almost 200,000 people have sought and will continue to seek out support regarding difficulties to pay council tax from May 2014 to April 2015, a figure that signals a huge 20 per cent increase on last year. The rise is labelled as a “concerning shift” in debt trouble throughout the UK, as the number of people who seek out credit card debt support is set to drop around 12 per cent to below 160,000. Following the ‘credit crunch’ that ensued after the economic recession in 2008, personal loans and credit were seen as the major cause for financial difficulty as the climate for borrowing became much harsher. In what could be considered a knock-on effect, large numbers of people are now struggling to make ends meet, the report suggests, and council tax is top of this list. After the national benefit scheme was scrapped in April 2013 by the coalition government, it appears the council tax debt problems have begun to spiral for large percentages of the population. Local authorities, who themselves had their budgets cut by 10 per cent, are now charged with the debt management – something that has also played a major factor in the escalation of this problem. Chris Richards, Managing Director of Council Tax Advisors Community Interest Company (CTACIC), has released a statement in response to this new data. “What we are seeing as we move into 2015 is that the strain working people are placed under by the rising cost of living is showing no sign of decreasing any time soon. “Council Tax has long been a cause for concern for many but these new statistics highlight just how severe the problem is. Debt of any kind can be an extremely suffocating experience for anyone, but for those who are struggling to make these basic payments that feeling can be amplified. It’s important that people are aware that there are services such as ours that provide help and advice on this subject – something that could prove invaluable later down the line. “Our team of experts are always on hand to ensure that the right steps are taken to help people move away from difficulty and towards stability. It’s essential to remember Council Tax debt is no longer a taboo, it is a common problem.” Council Tax Advisors Community Interest Company (CIC) is a not-for-profit organisation offering free and independent advice and resolution services to those in council tax arrears or any other kind of debt. Formed in 2012 as a direct result of personal experiences with bailiffs, they specialise in providing advice and guidance on how best to deal with debt situations and offer long-term sustainable solutions including the organisation of repayment plans and professional mediation services This press release was distributed by ResponseSource Press Release Wire on behalf of Council Tax Advisors in the following categories: Personal Finance, Business & Finance, Public Sector, Third Sector & Legal, for more information visit http://pressreleasewire.responsesource.com/about.