Debt Firm's Profits Soar As 1m Borrowers Struggle

Daily Post › June 28, 2006

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Summary

DEBT advice firm Debt Free Direct saw its profits soar by 177% yesterday, as more than 1m Britons struggled to cope with excessive levels of borrowing.

The company said pre-tax profits for the year to April 30 leapt from pounds 1.9m to pounds 5.1m after turnover almost doubled to pounds 16.2m.

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Extract

Debt Firm's Profits Soar As 1m Borrowers Struggle

The "outstanding" results came as Debt Free Direct issued twice as many Individual Voluntary Arrang...

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