ACTION DESK: Household squeeze tightening

0
Have your say

The squeeze on household finances is tightening in Sheffield, according to figures from debt advice charity Consumer Credit Counselling Service.

Residents contacting the charity for help last year were an average of £4 a month worse off than in 2010, with the average resident having just £13 left over after meeting their basic living expenses each month.

A total of 2,240 people in the Sheffield area contacted the CCCS helpline in 2011 for free advice on dealing with credit cards, store cards, payday loans and other kinds of unsecured debt.

On average, they owed a total of £17,020 – lower than the UK average of £17,983.

Delroy Corinaldi, CCCS director of external affairs, said: “Households in Sheffield are under relentless pressure from a combination of low wage growth and the rising cost of living.

“I am concerned that as the financial squeeze continues to tighten, many more people in Sheffield are at risk of falling into serious debt.

“No-one should have to struggle with this problem alone. Free, impartial and independent advice is available from debt charities such as CCCS.

“The most important step you can take is to seek free advice as soon as you feel you are falling behind.”

CCCS provides free and confidential debt advice via its telephone helpline 0800 1381111.

It has an anonymous online debt counselling tool, CCCS Debt Remedy, at www.cccs.co.uk