Insolvency figures only represent the tip of the iceberg when it comes to the scale of debt problems faced by households across the UK.
People have been getting poorer every month for the last two years as high inflation, tax rises and the dire state of the economy take their toll on family budgets.
I would not have spent £5,000 on that card if I had not been given it – I certainly would not have applied for it.
"£787 billion hit to family wealth has created 800,000 Zombie households that can only survive thanks to cheap mortgages" reports DailyMail.co.uk
With Clydesdale and Yorkshire banks announcing more than 1,400 job cuts; Debt Local braces itself for more debt help and debt advice calls.
"Teacher told researchers 'scavenger pupils finishing off scraps, as they haven’t eaten enough"-DailyMail. In response DL pronounces free Debt Help for Families struggling to feed children DUE TO DEBT
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