Christians Against Poverty’s (CAP) new report, published as part of its 30th anniversary campaign, shows it is becoming much more difficult for people to repay unmanageable debt.
It found that 24% of clients the charity helps have the resources to repay their way out of debt in a suitable timeframe, compared to 40% back in 2014 and there has been an 88% increase in average priority debt levels (rent, council tax, energy) for clients since 2014, rising from £2,300 to £4,300. 46% of Christians Against Poverty clients have told them that they considered ending their own life because of their debts, showing how dangerous unmanageable debt can be.
CAP Chief Executive, Stewart McCulloch, says:
“Debt is now far more challenging to repay. Living in spiralling debt is dangerous. It often results in families unable to afford healthy food, living in cold, damp unsafe properties and facing isolation, anxiety and depression.”
Find out more and download the full report here.