An investigation into the scale of personal debt in Birmingham and the impact of unauthorised money lenders is being mounted by the city council.
A scrutiny committee, which will attempt to assess for the first time the scale of the problem, is appealing to people who have suffered financial problems to give evidence about their experiences.
The inquiry will include an evaluation of the problem, assess whether current support mechanisms are adequate and consider ways in which partnerships can be created to assist people with money problems in a sustainable way.
The investigation has been launched following two highprofile legal cases, the first of their kind, which were recently brought by the council against two illegal moneylenders.
Coun Mick Rice (Lab Ladywood), who will chair the inquiry, said the committee's work was particularly appropriate during the run-up to Christmas when many families would be under pressure to borrow money.
He added: "In April 2003 the level of debt to the public in the UK stood at £1.1 trillion, a staggering amount and one which has sparked considerable debate.
"In Birmingham we know advice agencies are struggling to meet the demand for help from people living with multiple debt. The council has set up a task group to examine how best to tackle the rising tide of debt.
"While there are no quick and easy solutions, everyone in the group is determined to turn the tide of problem debt and make a significant difference to the lives of the many thousands of people in Birmingham."
