Media comment: StepChange London in the red report

Tuesday 16th August 2016

Sheila Wheeler, Director of Debt Advice for the Money Advice Service comments on StepChange’s London in the red report:

“It is worrying to see that so many Londoners are experiencing debt problems. Our own research, A Picture of Over-Indebtedness, has also found that London is one of the most over-indebted areas of the UK, and we have increased our own funding for debt advice in London in response to the increased need for advice. The population density in London creates complexity and there is often great diversity of both levels and types of debts within a small geographic area. Life events are most often the cause of people becoming over-indebted and there are many factors which contribute to this including low incomes, high rents and an increasing reliance on credit. It is important that people who are struggling seek help as soon as possible. There is high quality, free debt advice available across the UK, use the Debt Advice Locator Tool to find help in your area.”