Is Derbyshire Falling into Debt?

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Local charity warns of rising debt as a result of pandemic.  

Covid-19 has left many Derbyshire residents with complicated money worries, and debts are set to rise when Government Covid support packages for businesses and individuals end. Financial Action and Advice Derbyshire warns of the dangers of ignoring financial problems. 

2020 was a difficult year for many people, and it left many households worried about finances and making ends meet. Many Derbyshire residents have faced a loss of income, financial instability and increasing debts. Redundancy, benefit issues, furlough and low-paid work left many people struggling to afford food, rent or mortgage payments and to pay for energy costs and other bills. 

Financial problems can affect our physical and mental health, lead to family breakdown and even homelessness. Therefore, no matter how small or large money worries or debt may be, it is much better to seek advice and support sooner rather than later. Talking through money concerns can be awkward and uncomfortable, but it is the vital first step to getting back on track.

Financial Action and Advice Derbyshire (FAAD) is a partnership of public, private and voluntary organisations that support financial inclusion and capability work across the county.  Headed by Rural Action Derbyshire, FAAD provides information on where to get free, impartial advice and support with money worries. 

One of FAADs key partners, Derbyshire Districts Citizen’s Advice, specialise in delivering free, confidential impartial advice and support on a variety of issues including debt, access to benefits, housing problems and issues and queries relating to employment. 

For more information about financial advice and support services in Derbyshire, visit ‘Financial Action and Advice Derbyshire’ at www.ruralactionderbyshire.org.uk

Citizens Advice are open and ready to take calls on any issues. Don’t be embarrassed and don’t delay, it is essential to get the best possible advice on how to manage money problems.  High Peak Districts – 0808 2787 954​

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