6.2 million households identified as ‘financially vulnerable’

Analysis conducted for the Consumer Credit Counselling Service (CCCS) has identified 6.2 million households as ‘financially vulnerable’.  This includes 3.2 million households which are ‘already in financial difficulty’ (either three months behind with a debt repayment or subject to some form of debt action such as insolvency), and a further 3 million who are ‘at risk’ of getting into financial difficulty because they are finding it hard to make ends meet and struggling with increasing household bills.

 

Source: Credit Action – August 2011 edition

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