People may be increasingly in need of a debt management solution - such as an individual voluntary arrangement (IVA) as new figures indicate a trend toward borrowing, rather than paying down debts.
Unbiased.co.uk chief executive David Elms stated that while many consumers shifted away from saving to pay off outstanding debts last year, 2009 has seen a return to more borrowing.
He explained that although the markets appear to be making a slow recovery from the economic turmoil, it is" vital for consumers to continue nurturing their financial position".
Mr Elms added that people who are concerned about their personal finances should seek independent, professional advice before deciding which debt management plan is right for them.
Earlier this week, the Times suggested that new initiatives by credit card firms which will see reduced minimum payments could keep people "stuck" in debt for longer.
Those who can no longer keep up with their payments may wish to consider an IVA as an alternative to bankruptcy - with regular monthly payments, consumers could emerge debt-free from such an arrangement within five years
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