New research by Onbuy.com/gb has analysed data conducted by AXA Insurance to establish which cities are most at risk of debt in 2017 – with Brighton,Cardiff and Newcastle struggling the most.
Onbuy.com/gb looked to assess and evaluate how long cities will take to repay their debts – with Belfast taking the longest at 6.5 weeks and Cardiff taking the least amount of time at 4.8 weeks.
A spokesperson from StepChange Debt Charity exclusively told Onbuy: The first half of 2016 was the busiest six months we have ever seen at StepChange Debt Charity and more than 300,000 people contacted us for debt advice. Almost 60,000 of those people came to us in January, which is always our busiest time.
If someone is struggling with debt, it’s important that they first write down everything they owe and to whom. Next, they should look at everything they have coming in and going out and draw up a realistic budget that they’re able to keep to. Lastly, we would urge anyone who is worried about their debts to take free, independent debt advice as soon as they can.”
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