Croydon: UK's debt-worry capital

Croydon has been named as the area of Britain where people are most worried about debt.

Why are towns like Croydon so worried about debt?

Croydon and Redhill in Surrey are two of the ten areas in the UK where people are the most worried about money.

The conclusion was drawn by debt management company PayPlan who surveyed 40,000 people.

Many families have seen their budgets squeezed. Some parts of the country are in recovery while other parts are still in decline; but even in more affluent areas if wage increases have not matched the rising cost of living then debt is still a problem.

Many people are struggling to make ends meet, so if mortgage rates rise and gas and electricity prices increase it will push many more people into problem debt.

“The issue is to get people to seek help and not take out more debt as, over time, this only makes matters worse. Once debt is managed then people can get on with their lives.”

– Jason Eaves, Payplan Director

Croydon and Redhill debt hotspots: Facts and figures

Redhill library.
Redhill library. Credit: Google Street View

Croydon and Redhill in Surrey are two of the ten areas in the UK where people are the most worried about money.

The research, over the last 12 months, comes from debt management company PayPlan who found out:

The average amount of debt callers had was £83,465.

The amount of debt the company dealt with over the year was £3.4 billion.

Some months there were over 10,000 calls - that is the equivalent to a call for help every 20 seconds.

Redhill town centre.
Redhill town centre. Credit: Google Street View
Bus station in Croydon.
Bus station in Croydon. Credit: Google Street View
Croydon Library.
Croydon Library. Credit: Google Street View

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Croydon and Redhill: UK's debt-worry hotspots

Map of Croydon
Map of Croydon. Credit: Google Maps

Croydon and Redhill in Surrey are 2 of the 10 debt-worry hotspots in the UK.

The areas have been identified by postcode analysis from debt management firm PayPlan.

They have created a map using the locations of the 40,000 people seeking help with their debt over the past year.

Jason Eves, PayPlan Director said:

"We know that on average only one in six people with debt problems will seek help.

"Often these people feel isolated and alone and don’t know where to turn.

"What this map clearly shows is the scale of the problem throughout the UK and we want people to be aware that free debt help is available.”

Map of Redhill, Surrey .
Map of Redhill, Surrey Credit: Google Maps

Top 10 debt-worry hotspots in the UK

People in Croydon and Redhill are some of those most worried about debt.

That is according to a survey by debt management company PayPlan.

  • 1. Croydon
  • 2. Coventry
  • 3. Nottingham
  • 4. Taunton, Somerset
  • 5. Redhill, Surrey
  • 6. Nuneaton, Warwickshire
  • 7. Grantham, Lincolnshire
  • 8. Northampton
  • 9. Brighton
  • 10. Arnold, Nottinghamshire

Croydon is top hotspot for money worries

Tram in Croydon
Tram pulls up in Croydon town centre Credit: PA

Croydon is the place in Britain where people are most likely to worry about mounting debt.

The south London suburb has been identified as the top debt-worry hotspot by PayPlan, a debt management company who surveyed 40,000 people.

Nearby, Redhill in Surrey has also made the list. It is where the fifth highest number of people have sought help for their debt worries.