A recent new study has found that parts of Wales are among the worst debt affected areas in the UK, with more than 17% of the population of Wales owing money.
Blaenau Gwent is in the top 10 most debt affected areas in the UK, with nearly 22% of its residents believed to be in serious debt. Not far behind are Torfaen and Carephilly, with 20% of their populations owing significant amounts of money.
Around 8 million people in the UK regularly miss bill repayments or find debts overwhelming, and one in six are at risk of having a debt crisis. Of these people who are struggling, less than one in five seek advice, and instead suffer in silence. They feel embarrassed and ashamed, and therefore do not want to talk about the problem – it is this taboo surrounding talking about debt that needs to be broken. There is advice and support available to anyone in financial difficulties, and the sooner they receive that help, the sooner they can get their lives back on track and their financial situation under control.
We offer sensible debt advice and cover the South Wales area. If you have fallen into unmanageable debt and are struggling to get out, please contact us today! We offer FREE initial consultation and can help you find a solution – you are never alone. Click here to contact us or call Clive on 01656 661426.