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StepChange Debt Charity response to the latest Bank of England Money and Credit Statistics PDF Print E-mail
Wednesday, 31 January 2018
New figures from StepChange Debt Charity show over 405,000 more people got in severe problem debt1 in the last 9 months of 2017, amounting to 3.3 million GB adults2.  

Peter Tutton, Head of Policy at StepChange Debt Charity, said: “Whilst the steady growth in consumer credit does not necessarily indicate a debt ticking timebomb, the number of households tipped into severe problem debt is on the rise.

“With January still the busiest period for debt advice, those already falling behind with essential bills and credit repayments need better support. As the Treasury has committed to introducing a Breathing Space scheme to help people manage problem debt, it’s crucial government get this right so that debt advice charities can provide people the best chance of recovery and get their lives back on track.”

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