Debt help companies are warning people who have aspirations of avoiding bankruptcy, to seek advice sooner rather than later.
Debt Matters are the latest in a long line of groups to warn against the perils of debt denial, whereby a consumer ignores their problems until their finances get further out of control.
A spokesperson for the company commented: " All too often when Later comes, there is no money to pay out and the debtor turns to an IVA company or petitions for bankruptcy."