uSwitch have accused banks and other providers of not tightening up their lending procedures to ensure people stay clear of debt and avoid serious financial procedures like the IVA.
The group say that despite the credit crunch, some consumers who can't afford to make repayments on loans and credit cards are slipping through the net and wracking up huge amounts of debt.
Personal finance expert at uSwitch.com, Mike Naylor commented, "As consumer debts increase by £1 million every five minutes, there is clearly a need for watertight measures to be put in place to ensure that the banks are lending responsibly."