Source: Gibraltar Chronicle - November 2004
Debt Counselling welcomed
Financial Services Commission and the Gibraltar Bankers Association have welcomed the recent launch by the Citizens Advice Bureau (CAB) of their debt counselling service. And they urged the public to be prudent over borrowing.
The CAB’s new service was welcomed in this context. “This service is designed to help those who are faced with debt problems. It is a free and confidential service which will provide the public with useful advice on how to resolve such problems, including negotiations with creditors. Debt can be a major cause of stress and can wreck people’s lives. However, through this approach consumers should be able to restructure their debt and so regain control and responsibility for their lives” said a spokesman for the organisations. Mark Dellipiani who is responsible for the FSC’s work with the CAB said “This is an excellent initiative. We hope that credit institutions will draw the service to the attention of their customers if they believe they might be getting into difficulties. The earlier people seek the support of this service the more benefit such counselling is likely to prove.”
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