Single Parent Debt, Uk Help and Advice for Single Parents with Debts

Single parent debt is on the increase in England, Scotland, Wales and Northern Ireland but it need not be the problem it looks like becoming. Putting an end to personal debt means tackling the causes.

“Single parents are being forced into the arms of doorstep lenders, because they are denied access to mainstream banking, a new report warns”.

How widespread has single parent debt become?

Three quarters of single parents are using credit to manage their finances leading to an inevitable reliance on debt.  Many are forced to borrow from doorstep lenders and mail order catalogues, which can be expensive.

Almost half of single parents owe money on household bills. More than one-quarter of single parents do not have a Uk bank account. This means many single parents miss out on direct debit savings.

Single parents are also more likely to have longstanding debts than two-parent families

Lewis Alexander offers Debt Help, Debt Management, IVA Advice and Bankruptcy information for single parents on how to clear personal debts.

Approximately 40% of single parents surveyed said they were "always in debt", compared with only 28% of couples. Single parents were twice as likely as couples to have arrears on household or consumer credit bills.

How do I get out of this debt cycle?

On our helpline we get many calls from single mothers and fathers who have been through a family break up and fear getting trapped in a cycle of debt.

The financial sector and government need to work together to deliver FREE debt advice and appropriate services for the many families who need free debt help.

Submit your details or call our free single parent debt helpline now and one of our trained debt advisors will call you back at your convenience.

This is a no obligation, confidential service and no sales person will call.