News
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Rising Debt Concerns Highlighted in New Report as Debt Free Advice Provides Lifeline
The latest Aviva report illustrates the growing severity of the cost of living crisis, revealing that 15% of respondents feel overwhelmed by their debt. Particularly concerning is the near fifth of 45 to 54-year-olds who feel they can't pay off their debt, highlighting the nation's financial strain.
Lower energy price cap is welcome - but households will continue to struggle
Debt Free Advice welcomes Ofgem’s announcement to lower the energy price cap from 1 July. The service calls for more support to help households facing financial difficulties.
Mental Health Awareness Week 2023: How to manage anxiety when dealing with debt
This year's Mental Health Awareness Week focuses on anxiety, and here at Debt Free Advice we want to provide insights on how to cope with anxiety for individuals struggling with debt.
Increased financial pressure for households following interest rates rise
The Bank of England has raised interest rates for the 12th time in over a year from 4.25% to 4.5%. This will negatively impact household finances, especially homeowners. Matt Dronfield, Managing Director of Debt Free Advice, speaks to TalkTV.
Missed Rent and Mortgage Payments: A Growing Crisis in the UK
The United Kingdom is facing a growing crisis as an estimated 700,000 households missed rent or mortgage payments in April, according to a recent report by consumer group Which? Debt Free Advice's Managing Director Matt Dronfield speaks to LBC News about the increasing number of struggling households.
Prepayment meter customers urged to claim unclaimed energy bill support before deadline
Prepayment Meter customers are urged to claim £160 million in energy bill support before the scheme ends on June 30th.
Debt Free Advice's MD Discusses Cost of Living Payments on Times Radio
From today, approximately 8 million people who claim means-tested benefits, including those on Universal Credit, will begin receiving the first instalment of the government's Cost of Living Payment. Matt Dronfield, Managing Director of Debt Free Advice, speaks with Times Radio's Rosie Wright.
Debt Free Advice Advocates for Better Safeguards Amid Prepayment Meter Growth
Debt Free Advice, a partnership of leading charities providing support to individuals facing financial challenges, is urging for stronger protections for vulnerable customers affected by the increasing trend of prepayment meter installations.
Cost of Living Crisis: Debt Free Advice Sees 65% Increase in Income Inquiries
In an interview with London Live, Debt Free Advice's Managing Director, Matt Dronfield, discusses the impact of the cost of living crisis on working families and the increasing demand for their services, which has seen a 65% increase in the number of income inquiries this year.