The UK's Consumer Debt Crisis
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- Опубликовано: 8 фев 2025
- n the UK, consumer debt is a huge issue, especially for those under 35, with 55% seeking debt advice. 24% of the general population also struggles with bills and credit commitments.
Impact and Stigma
Debt can lead to serious issues like mental distress and even suicide. 58% of those with over £30,000 in debt have felt suicidal. Social stigma often stops people from seeking help.
Misconceptions
Many fear outdated penalties or insolvency professionals. In reality, insolvency practitioners are here to help, not judge.
The Role of Credit
Easy credit access has made the crisis worse. Reliable advice is key, but many turn to unqualified sources, worsening their situation.
Break the stigma and seek qualified help. Learn more about your options today!
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