With the UK's personal debt reaching £770 billion, the services of financial and commercial investigators, London House, is in higher demand than ever.
Today Britain's debt stands at £770 billion and will nearly double within five years to £1.4 trillion if radical action isn't taken to reduce public spending. With Britain's interest rates reaching £67.9 billion in the past 12 months to April 2010, individuals now owe more money than the country is able to produce.
Leading investigation franchise London House, which was established in 1995 by Godfrey Lancashire and Brian Hughes, is working closely with the Credit Services Association (CSA) to assist with financial and debt related cases. The UK's only trade body for credit recovery services, CSA, claims that its members handled in excess of £21 million individual debt cases last year representing some £20 billion of debt. For the majority of these cases, around 15 million, London House was required to find out where individuals lived and run a trace for each case. With the sheer quantity of cases, it is easy to see how London House is continuing to successfully expand its network across the UK.
Published: 18 August 2010
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