Fears of a “debt time-bomb” have been raised by Citizens Advice, which said growing numbers of households faced a “wild west” when seeking help.
The charity said it is helping more people who do not have enough income to cover essential expenses.
Director of policy Matt Upton said 51% of those it sees with debt issues have negative budgets, compared with 36% before the pandemic.
Mr Upton said there was no sign of that figure coming down.
He said if the trend was “even remotely mirrored” across the UK’s wider population then the “simple maths dictates a debt crisis” would follow.
There had been “a time lag” in people seeking help and the government’s energy bills support scheme had made a difference but…
Read the full article at: https://www.bbc.com/news/business-65429067