Advertisement

  1. National

Nine million 'in severe debt'

Nearly nine million people are estimated to be trapped in a spiral of severe debt in the UK, the Government-backed body the Money Advice Service (MAS) has found. Just one in six getting help to break free.

View all 6 updates ›

Nearly nine million people in 'severe debt'

Nearly nine million people are estimated to be trapped in a spiral of severe debt in the UK, the Government-backed body the Money Advice Service (MAS) has found.

Just one in six getting help to break free.

Nearly nine million people in 'severe debt' Credit: Owen Humphreys/PA Wire

Around 8.8 million people are "over-indebted", meaning they have fallen at least three months behind with their bills in the last six months or they feel their debts are a heavy burden

But just 17% of this group said they are getting advice to help them deal with their debt, while around two-fifths (40%) said they did not feel able to talk to their creditors and 44% did not know where to turn for help, the research from more than 5,000 people found.

More top news