Debt ‘hangover’ could last all year

Thursday, 21 December 2017

Debt ‘hangover’ could last all year thumbnailSamantha Boswell. CC50-50s

CHARITY workers are preparing for an increase in debt enquiries as many hard-pressed families struggle to pay for a Christmas they can't afford.
Citizens Advice Causeway Manager Samantha Boswell warned that the festive period can cause a financial hangover which lasts all year.
She added: "Christmas can be a wonderful time but it also puts extra pressure on household budgets, many of which are already stretched to breaking point.
“Every January, Citizens Advice Causeway sees an increase in debt enquiries which is partly caused by Christmas spending. We all have extra essential expenses at this time of year, as utility bills are higher in bad weather and food costs are increasing.
“Welfare Reform is also having an impact, with the introduction of Universal Credit in our area resulting in lower incomes for some households (compared to entitlement on legacy benefits) and waiting periods for payments to be received."
*Read the full story in this week's Chronicle


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