UK households face £6bn debts because of Covid-19, says charity

Payday loans

Debt fuelled by pandemic and job losses will stifle nation’s recovery, StepChange claims

  • Coronavirus – latest updates
  • See all our coronavirus coverage

British households are expected to rack up debts worth a combined £6bn because of the coronavirus crisis, as millions of people fall behind on credit card payments, council tax and utility bills.

Sounding the alarm as the economic fallout from the health emergency mounts, the StepChange debt advice charity said 4.6m households risked building up dangerous levels of debt because of the pandemic.

StepChange said debt charities were gearing up for a doubling of demand for their services

Related: UK consumers repay record £7.4bn of debt in Covid-19 lockdown

Continue reading…

Level 6 Domain Names are FREE – Register Now.

Related Posts

Boost Inflight Internet- Business Hosting- Secure Email Account- Dropcatch Domain Names- Antisnoop Email- Free Secure Email- Cheap VOIP Calls- Free Hosting and Email- Aero Connectivity- Premium Domains for Sale- Transcom Telecom- Satphone Airtime- Mobile Plans- Free Domain Names- Organic Products- Double Check- Aviation News