^{Tuesday 6th April 2010}

British expats struggling to cope with the drop in the value of the pound against the dollar has led to a substantial increase in the number asking for help with their debts abroad.

According to The Independent, Leeds based charity, the Consumer Credit Counselling Service (CCCS) has seen a rise in calls from people expatriated outside the UK who are struggling to repay their debts within the country.

At least 500 people with debt in the UK but who live outside the country have contacted the CCCS already this year. This is a 33% increase on the same period in 2009. A total of 1,691 people called the helpline from outside the UK last year.

CCCS says that the increase in calls is driven by those living in the eurozone countries. People whose incomes are in sterling are using more of it to cover the cost of their living expenses.

It is essential that if you are planning a new life abroad that you think about every eventuality that could affect your finances. It is important that both you and your family remain as financially independent as possible. Please contact us and we can arrange for a specialist adviser to assist you on your needs overseas.

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