Over half of NI households rely on credit cards and overdrafts to cover childcare during school holiday expenses. The budget allocation for childcare is only 6 per cent of the £400m required.
Leading debt charity Advice NI has partnered with Relate NI to warn against romance scams.
NI’s largest advice charity dealt with 4,062 cases and £43.4 million in household debt during 2023.
Northern Ireland’s largest advice charity Advice NI is urging people to avoid getting into costly debt over the Christmas period.
Advice NI advice services continue to support clients who are deeply concerned about the ongoing interest rate rises and who are struggling to keep up mortgage and other financial repayments.
Rises in interest rates, childcare costs, supermarket inflation and rising household bills cause additional strain.
NI’s largest advice charity dealt with 4,062 cases and £35.3m in household debt in 2022.
Northern Ireland’s largest advice charity Advice NI is urging people to avoid getting into costly debt over the Christmas period.
As children across Northern Ireland return to school in the coming weeks, Advice NI is urging people to seek advice as many struggles to cope with the triple whammy of additional costs of summer holidays, the Cost of Living crisis, and the increasing costs of school uniforms.
In the first two months of 2022, Advice NI’s Debt service has already dealt with over £3.5 million of debt. It is concerning that the average household debt of our clients is currently £3,727.24, an increase of 21% since the same period in 2021.