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She says there are many different reasons why people struggle financially but the links between love and debt are becoming more apparent.
Advice NI’s independent network supported 260,000 enquiries in 2022/23, claiming back £79 million. Europe Economics says debt advice reduces mental health-related spending by £93 million annually.
When an interest-only mortgage term ends with a shortfall, both borrowers and lenders are placed in a very difficult position.
Debt Service helps client deal with unaffordable debt, enabling him to make a fresh start
The client is in their 20s, single with no dependants. He has recently lost his job and is now in receipt of Universal Credit while looking for another job.
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.
