The Great Debt Deluge

The Great Debt Deluge

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  • £54.5K Target
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The advent of the corona virus has put thousands into more debt & the risk of being homeless. While the mortgage, holiday, the loan/credit card holiday was helpful at the start it will become a millstone around families & single people. 3 months mortgage holiday runs into £1000s, when added to their monthly payments it will substantially reduce a person’s ability to pay bills, buy food or manage. We have continued to support people on the phone & intervene for them, but we are anticipating huge numbers coming to us. Before the lockdown we had a 6 week waiting list but we anticipate much longer if we do not get more staff. We need 2 more money advisors

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