New report on problem debt highlights plight of consumers

Commenting on a new StepChange report that problem debt affects 2.9 million people in the UK, David Mann, Head of Money at Uswitch.com, says: “Rising household bills against stagnant or falling incomes has put many consumers in a lose-lose situation. With the increase in the number of people with serious debt problems in this country, it’s clearly a tough time for those concerned about their jobs, homes and their ongoing ability to manage their debts.

“Putting your head in the sand is not an option. Many have already taken a good look at their household budget to see where it’s possible to cut costs, but more can be done. It’s crucial to make sure you aren’t paying over the odds for your existing debt and are getting the best rate on products like credits cards or loans.

“Many will no doubt be looking towards the Chancellor to help ease the burden in his autumn statement for more support.”

FOR MORE INFORMATION

Ailene Barr

Phone: 020 3872 5610

Email: ailene.barr@uswitch.com

Twitter: @uswitchPR

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