Debt map charts prevalence of money worries around UK
An interactive map charting the debt levels of 40,000 people across the UK has been published as a tool to assist those weighed down by debt to understand that they’re not alone.
Compiled by Payplan, the debt management firm, the map is fully searchable by postcode and incorporates over £3bn of liabilities across IVA’s, debt management plans and bankruptcy.
The average debt currently stands at £83,465 with the profile of those in debt also shifting dramatically over the past 12 months, moving from those on low incomes living in rented accommodation to include home owners and pensioners.
Jason Eaves, Payplan director, said: “We know that on average only one in six people with debt problems will seek help. Often these people feel isolated and alone and don’t know where to turn. What this map clearly shows is the scale of the problem throughout the UK and we want people to be aware that free debt help is available.”
Data was compiled from information provided in over 40,000 calls last year but does not give any individual personal details.