MILLIONS of families that are dealing with stretched household budgets face a debt time-bomb when the coronavirus crisis subsides, the anti-poverty charity the St Vincent de Paul Society suggests.
Fewer people than usual are asking the Roman Catholic charity for help because most enforcement and eviction action has been temporarily suspended during the pandemic, and many creditors have cut back their collection efforts. This, coupled with the temporary raising of the Universal Credit allowance and the suspension of benefit deductions, can lead to a false sense of security, the charitys debt-advice supervisor, Luke Denison, said. They may not see the urgency in seeking help, as their debt problems appear to be on hold.
Even working house…
Read the full article at: https://www.churchtimes.co.uk/articles/2021/22-january/news/uk/debt-time-bomb-lurks-at-end-of-covid-crisis-anti-poverty-charity-warns