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Average St Albans household £14,962 in debt, says StepChange Debt Charity
Financially squeezed households in St Albans are unable to cover the cost of everyday living, according to new figures released by a debt charity.
StepChange Debt Charity said in the first six months of this year, residents in St Albans contacting the charity’s helpline are on average falling £45 short every month of what they need to cover their essential living costs.
During the first six months of this year, 239 people from the St Albans area contacted its helpline about their debt problems, including credit cards, personal loans, payday loans and other debts.
On average St Albans residents contacting the charity owed £14,962, compared to the national average of £14,092.
Frances Walker from the national charity, said: "A combination of stagnating incomes and spiralling living costs has tipped many households over the edge into unmanageable debt.
"Too often those in financial difficulty wait almost a year before seeking advice and in that time their position has deteriorated. It is crucial that anyone who finds themselves in this position should seek advice and support at the earliest opportunity."
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