Cost of living: Debt fears after Christmas on credit

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Cost of living: Debt fears after Christmas on credit
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Debt fears after Christmas on credit

The debt charity StepChange warned money borrowed for ChristmasIndividuals and organisations who help people in debt said they noticed an increase in demand since prices began to rise.

Independent debt advisor Sorcha Kennedy said it had got "busier and busier" over the past twelve months.Sorcha Kennedy says the people coming to her for debt advise are increasingly on middle incomes"It's very hard because there's an income problem, and it's an expense problem, rather than just debt and wanton spending. It's the cost of living that's really, really difficult to manage.

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