'We stand on the brink of a personal insolvency crisis that will take years to work through the system. We know there are nearly a million people out there who are struggling with their debt.
'While it may be the case that these problems are resolved without help, there is a risk that they might snowball out of control.'
When interest rates rise a lot of people will struggle to cope with paying secured and unsecured creditors. I think that we will all be a lot busier next year.
