More Scots struggling with debt

In the month of August, figures from the Debt Advisory Centre show that 125,000 Scots borrowed money to pay their rent or mortgage.

People aged between 25 and 44 were by far the most likely to have borrowed. 6% of them said they’d turned to credit in the last month in order to avoid eviction or repossession. Ian Williams of the Scottish Debt Advisory Centre said, ‘Nothing is more fundamental than keeping a roof over your family’s heads – it’s the first essential expense most people will think of when they’re planning a budget.’

The cost of repaying unsecured debts adds a further element to a growing problem.