Money Box Live: How to Handle Debt
Oct 04, 2023•28 min
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Summary
Moneybox Live tackles the UK's growing debt problem, highlighting how the rising cost of living is impacting millions. Through powerful personal accounts, including a single mother's struggle with £30k debt and a survivor of economic abuse, the episode reveals the emotional and financial devastation debt can cause. Experts from StepChange and Bestinvest offer practical advice on budgeting, engaging creditors, and navigating support from charities, while also discussing the risks of "buy now, pay later" schemes and the complex reality of bankruptcy.Episode description
15 million adults in the UK feel financially insecure as a result of the rising cost of living. And almost 1 in 10 say they have debt they don’t know how they will repay – that’s according to the charity Christians Against Poverty.
Felicity Hannah and a panel of experts answer your questions on everything debt related - from the cost of childcare, bankruptcy and support if you have been the victim of financial abuse.
Featuring, Alice Haine, Personal Finance Analyst at Bestinvest and Richard Lane from the debt charity StepChange.
Presenter: Felicity Hannah Producer: Sarah Rogers Researcher: Luke Smithurst Editor: Jess Quayle
(First broadcast 3pm, Wednesday 6th September, 2023)
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