Our customers’ experiences reveal noisy and clear you are more prone to enter into financial obligation if you’re already on a lowered earnings, and that financial obligation problems in many cases are due to the sorts of life shocks that will happen to anyone – job loss, ill-health or such a thing else that hits your earnings off track.
‘We saw some specific concerns in the 1st 1 / 2 of this current year by means of a resurgence in high-cost credit that is short-term our customers, a lot more people behind on gas bills, and a stubbornly high incidence of council income tax arrears.
‘Council income tax is very concerning in light of mounting proof that federal government debt collection methods are lagging far behind practice that is best.’
Around 1 / 2 of StepChange’s customers within the half that is first of 12 months dropped into financial obligation as a result of task loss, paid down earnings or health problems.
This year on the up: All of the ig Six energy providers have announced bill hikes
Regarding the issue that is thorny of taxation bills, almost 1 / 2 of those who approached StepChange with council income tax arrears admitted that they had more income heading out than to arrive. Continue reading