With the
cost of living crisis entering its third year, leaving many of us with less money to cover essential spending, it is not surprising that a growing number of people in the UK need to get help with debt.
Rising prices, rising interest rates, increased rents and a growing tax burden means that the number of people struggling with debt has increased over the last year and looks set to get even worse. Figures from the Money and Pensions Service show that one in four adults in the UK (12.6 million people) are at risk financially, meaning theyre finding it hard to keep up with bills and borrowing commitments, are using high-cost credit or are unable to afford food or essentials.
Bank of England figures released last month revealed that…
Read the full article at: https://www.goodhousekeeping.com/uk/consumer-advice/money/a60213707/get-help-with-debt/