There’s a moment many households know all too well. You hear the letterbox snap, look down, and spot an envelope from Land & Property Services. Even before it’s opened, your stomach tightens. You already know what it is… the new rates bill.
By Sinéad Campbell, Head of Money, Debt and Quality at Advice NI.
By Sinéad Campbell, Belfast Live’s Money Expert and Head of Money, Debt and Quality at Advice NI.
Join us for a dynamic half-day event tackling the challenges of debt and access to advice.
43 per cent of children have different childcare needs during school holidays with average monthly cost upwards of £350. Charity welcomes subsidy scheme extension, but says working parents need more support.
NI’s debt landscape is made up of housing debts, utilities debt and high-interest lending. Advice NI urges people to seek advice early to free their financial future.
She says there are many different reasons why people struggle financially but the links between love and debt are becoming more apparent.
Advice NI’s independent network supported 260,000 enquiries in 2022/23, claiming back £79 million. Europe Economics says debt advice reduces mental health-related spending by £93 million annually.
When an interest-only mortgage term ends with a shortfall, both borrowers and lenders are placed in a very difficult position.
Debt Service helps client deal with unaffordable debt, enabling him to make a fresh start
The client is in their 20s, single with no dependants. He has recently lost his job and is now in receipt of Universal Credit while looking for another job.
