A large number of residents in East Lancashire have accessed the government’s new scheme to combat debt struggles since it launched in May 2021, according to new official figures.
A total of 290 people in Hyndburn, 293 people in Pendle and 199 people in Rossendale have benefitted from Breathing Space, also known as the Debt Respite Scheme.
The Debt Respite Scheme gives eligible people who contact debt advice services like National Debtline the time to seek advice and start to find a safe route out of debt, without being subject to creditor collection and enforcement activity.
David Cheadle, acting chief executive of National Debtline’s parent charity, the Money Advice Trust, said: “The cost of living crisis has had a huge impact on household finances and people in East Lancashire and right across the North West are struggling to cope.
"In the last 12 months alone, National Debtline advisers helped 782 people in the area through our free phone service, including registering people who are eligible for the government’s new Breathing Space scheme."
National Debtline, one of the free debt advice charities able to register people who are eligible for Breathing Space, is urging more people to seek advice as the cost of living crisis continues.
The scheme was launched in 2021 and provides up to 60 days protection, and pauses any additional charges or interest for that period.
In the last year, National Debtline has helped 782 people in East Lancashire tackle their debts by phone, including through the new Breathing Space scheme.
To mark ‘Talk Money Week’, the charity-run service is urging East Lancashire residents who are worried about their finances to contact their debt advisers for free, independent advice as soon as possible.
Seeking advice has a positive, long-term impact, with nine in ten National Debtline callers reporting that their debts reduce or stabilise.
Seven in 10 people see a positive impact on their emotional and mental wellbeing.
Mr Cheadle added: “We know there are many more people who are struggling alone, and no one should have to do that.
"I would urge anyone in and around Hyndburn, Pendle or Rossendale who is worried about their finances to contact our advisers at National Debtline, who can give you the advice and support you need.
“Our advisers are here to help and can see if you are eligible for the Breathing Space scheme to give you the time and headspace you need to make a plan.
"Everyone’s situation is different, and even if you aren’t eligible for this particular scheme, our expert advisers can help find the best option for you.”
Share