Book News, PublicNet: 12 June, 2007
This report from the Legal Services Research Centre confirms that debt problems make it difficult for people to live a normal life. Debt brings about ill-health, relationship breakdown, loss of employment, as well as distressing impacts on parents’ relationships with their children. It is currently estimated that 3.7 million people are having serious financial problems.The LSRC calculated that the average cost per debt problem to the public can be estimated at over 1000 pounds, with more serious problems involving costs of many times this amount. These costs can be set against the cost of advice, estimated at around 25 pounds in the case of National Debtline. This clearly shows the benefit that providing debt advice can have on society as a whole.
Read more on HELPING HAND: THE IMPACT OF DEBT ADVICE ON PEOPLE’S LIVES…