A DEBT firm is creating a further 100 jobs on the back of the nation's mounting debt problems.
Manchester-based firm The Debt Advisor said it needs to bring in more people to cope with the boom in the debt advisory market, caused by the one million people now threatened with bankruptcy.
The company is a specialist in individual voluntary arrangements (IVAs) , debt refinancing and reduction plans and bankruptcy.
It is currently undergoing a £2m takeover by Bury-based loans broker Compass Finance, which is looking to finalise the deal on June 12.
The new recruits will be based at Compass Finance's premises at Pilsworth and will bolster the group's existing workforce of 164.
The Debt Advisor's managing director, Bev Budsworth, said: "This move is part of our growth strategy and highlights The Debt Advisor's commitment to building a major presence in the region. We currently have a wealth of valuable experience and a real culture of excellence.
The team have been doing some great work and we have recently launched a debt counselling service with a psychologist - the first in the UK."
Ms Budsworth, who has worked with debt issues for more than 20 years, said it was time for an holistic approach to debt. "With debt, there are so many issues affecting people that you have to look at the wider picture."
The news comes as the Citizens Advice Bureau said that some people are now so deeply in debt that it will take them 77 years to pay it off at a rate they can afford,while 1.25 million need help with their debts.
- Manchester Evening News
