Read our latest client report, exploring how debt and destitution is impacting the UK.
Report summary
In the last 12 months, there has been an alarming rise in reliance on credit to survive — three fifths of those who responded to the survey had to borrow money to pay their bills. Deficit budgets form the biggest reason for a call for help — both the amount that we see daily, and the depth of the deficit are distressingly prevalent.
We see close partnership with the industry as the only real way to make a difference and defuse the ticking time bomb of debt. The report is divided into three key parts:
Part I: The collapse: what causes people to become trapped in debt?
Part II: Crushed under the weight: The impact of debt
Part III: A helping hand to clear the rubble
The sobering statistics
59%
had an equivalised income level below the poverty line
60%
had to borrow money to pay household bills
46%
had considered or attempted suicide as a way out of debt before seeking help
