An estimated 1.2 million people affected by the coronavirus pandemic are in severe problem debt, according to a charity. People may be having severe problems if they meet certain indicators, such as falling behind on essential bills or using credit to make debt repayments.
A bold longer-term strategy is needed from the Government to help households exit coronavirus-related debts safely, StepChange Debt Charity said.
Research from the charity, based on a survey of more than 3,200 people in September, indicates that levels of household borrowing and arrears attributable to coronavirus have surged to £10.3 billion since the start of the pandemic - a £4.3 billion increase since May.
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