debt help

Thousands searched for debt help over Christmas

2nd January 2025 Arrears and Recoveries | #debt help

According to a free money advisory service, nearly 4,000 people searched for debt help over Christmas. Data from the Money Wellness website showed that 3,994 people visited the website on Christmas Eve, Christmas Day, and Boxing Day seeking advice on dealing with unmanageable debt. Almost 2,000 (1,835) people in London searched for support, followed by…

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Warning of significant change in BNPL debt ahead of regulation update

17th September 2024 Arrears and Recoveries | #Buy now pay later#debt help

An organisation providing free debt help has warned it is seeing a concerning change in how buy now, pay later (BNPL) is being used. Money Wellness says it has seen a threefold increase in the number of people seeking debt help with BNPL debts over the past 12 months. But the most significant change is…

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One in five people would not seek support if they owed money

24th May 2023 Arrears and Recoveries | #debt advice#debt help

New data from Experian finds that the average adult will wait until they have debt totalling £7,835 before seeking help, with one fifth of the nation (20%) saying they wouldn’t look for any support at all if they owed money. To support people who are finding money conversations difficult, Experian is partnering with Citizens Advice…

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