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The Consumer Credit Counselling Service recently released a review of its work in Scotland over the past 5 years. A number of new trends are reported including a general increase in the age of the individuals it has helped. Almost half (57%) of its clients are aged over 40 whereas five years previously the same percentage were aged under 40.
After helping around 1000 people in 2003 the organisation was helping 2600 by 2006 and expect to have helped similar numbers by the end of 2007. General levels of debt in all age categories experienced increases between 2003 and 2005, but most age groups have shown decreasing level over 2006 and 2007.
There has been a slight shift towards females receiving counselling over the period in question, but a more significant trend is towards non-homeowners or tenants. In 2003 the split of owners verses renters receiving help was roughly equal, but in 2007 over 60% of the clients were tenants, even though homeowners tended to have larger debts.
The Service summarises it's report with the conclusion that debt levels are falling across all groups in Scotland which compares with a very similar situation in the rest of the UK, where levels are also falling except for the over 60's age group.
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