This week (24-30 March 2025) is Debt Awareness Week.
According to Fair 4 All Finance, 20.3 million people live in financially vulnerable circumstances, with 2.7 million falling into difficulties.
Meanwhile, figures from The Money Charity show that the average credit card debt per household is £2,528, and UK Finance has reported that balances on credit cards have grown by 5.6% year-on-year.
Top tips to become debt-free
Credit reporting and personal finance website TotallyMoney has put together the following tips to help people get out of debt.
Go through your bank statements and set a budget
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