Helping with over £1m unsecured debt.
Currently our trained advisers are helping clients manage unsecured debts of more than £1.1m. Average personal debt per client is £10,490. The main components are credit cards, unsecured loans and benefit overpayments.
Citizens Advice Reigate & Banstead saw 112 new clients facing significant problem debt in the year to March 2017.
Growth in this kind of debt holds risks for individuals and their families but also the national economy.
The present level of unsecured lending is a lower percentage of national income than the level that made the financial crash so much worse nearly a decade ago.
Still, persistent growth over recent years has led the Bank of England to warn about irresponsible lending and borrowing.
Help with debt and money problems
*****
Find out more about debt and the national economy in Household debt statistics and impact on the economy, House of Commons Library, April 2017