More escape debt for free as bills keep mounting

Published On Oct 23, 2024, 1:07 AM

The article recounts the struggles of individuals with debt in the UK, highlighting Karen, a woman who overcame a significant financial burden with help from a money advice service, Sheffield Christians Against Poverty. This charity assisted her in applying for a Debt Relief Order, which has recently become free due to the removal of a £90 fee. The article also discusses broader trends in personal debt, noting an increase in borrowing due to rising living costs, with many people relying on credit options like 'buy now, pay later'. The Financial Inclusion Commission has called for more support for those in debt, and the UK government plans to regulate the 'buy now, pay later' sector to protect consumers.