Mel Mitchley, director of industry relations, Callcredit comments "Along with the rise in the number of repossessions reported, our own data shows a 6pc rise in County Court Judgements issued in quarter one of 2008 compared to quarter four of 2007.

London, UK, June 9, 2008 (XTVWorld.Com) -- "The rising cost of living is clearly hitting home and consumers are becoming increasingly concerned about their financial commitments. At Callcredit we've seen a 20pc rise in the number of consumers checking their credit report in a bid to better manage their finances.

"If someone is struggling to make repayments they should contact their lender or an organisation such as the Consumer Credit Counselling Service to obtain independent advice on the best way forward."

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