Problem debt ruins lives. Yet thousands of people today remain caught in its grip. Nine million people in the UK are estimated to be ‘over-indebted’, defined by the Money and Pensions Service as missing either debt repayments or domestic bills in any three of the past six months. Some 3.3m people are mired in even more ‘severe’ forms of problem debt.
Our report ‘Collecting Dust’ reveals how deep this issue goes, and the solutions we can put in place to protect those most vulnerable in our society.