Research by The Children’s Society released today also revealed that 46 per cent of families have had to borrow money in order to pay for unexpected expenditures such as fixing broken down cars or dodgy boilers.
The survey of more than 2,000 families found that many find themselves trapped in debt with some families spending over £1000 a month on arrears.
The Children’s Society is calling for the government to give legal protection to families who fall into problem debt, with a 12 month ‘breathing space’ from mounting interest, charges and creditors chasing them for payment, so they can get their finances in order and set up a plan to affordably repay what they owe.
Speaking on Premier N…
Read the full article at: https://www.premier.org.uk/News/UK/Christian-charity-calls-on-Government-to-help-families-drowning-in-debt
