A poll by debt charity StepChange found that one in five people worry they will get into problem debt this year. We created a guide to help you manage your debts and avoid spending more than you have
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As the cost of living crisis begins to bite it has been revealed three million people fear falling into debt within six months.
Even before inflation hit 6.2% those earning less than £21,000 per year were spending at least 40% of their income on debt repayments, according to the Jubilee Debt Campaign anti-poverty group.
And a poll by debt charity StepChange found that one in five people worry they will get into problem debt this year.
StepChange CEO Phil Andrew says: “Without bold action from Government that goes beyond the support offered at the Spring Statement, more and more people face falling into problem debt, eating through hard-earned savings or going without the basics just to get by.
“More targeted help with energy bills, greater forbearance and support for…
