Caroline Siarkiewicz, Partnerships and Commissioning Director at the Single Financial Guidance Body, commented on the Trades Union Congress unsecured debt figures released today:
“These figures show the level of personal debt is increasing. What our research shows is there are now more people struggling with their debts, and that less than a quarter of them seek help. Whether you are worried about your own situation or know someone else who may be struggling, talking about debt is a really difficult but hugely important first step. Seeking advice as early as possible can prevent problems spiralling out of control. People who are struggling with debt can access free, expert, and independent advice. The Money Advice Service website has a free debt advice locator tool which will help you find your nearest adviser.”