More Americans are seeking counseling due to financial problems, according to money-management group Clear Point Financial Solutions.

In comments made to the Mt. Vernon Register-News, the organization's Beverly Caudill said the group has witnessed "a steady increase" in the amount of counseling sessions being attended.

At this location alone, there was a 12 percent year-on-year rise in the number of people looking for debt and financial advice.

"With credit cards making offers readily available, [some] people seem to lose control of spending," Ms Caudill told the newspaper.

People struggling to make ends meet at the end of the month may wish to take out a pay day loan to boost their financial situation before they get paid.

Earlier this month, US Treasury secretary Henry M. Paulson said the government needs to protect the health of the US economy by bolstering both consumer spending and business investment.

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