Almost three million people are in problem debt in Britain. More than 10,000 people who are struggling with problem debt seek help from StepChange Debt Charity every week. This debt places a heavy burden, not just on individuals and their families, but on society as a whole.
There is more that can be done to prevent problem debt and to help people get back on their feet quickly when they fall into debt. That's why we are calling on the next Government to commit to an action plan on problem debt to ensure families come out of the next five years more resilient and better able to weather shocks to their finances.