The cost of living crisis is set to continue impacting household budgets across the country into the first half of 2023 as a result of high inflation, soaring energy bills and ever-increasing prices at the supermarket. As the financial pressure mounts, especially post-Christmas, Christians Against Poverty (CAP) Scotland is encouraging those who are unable to pay bills to get in touch for immediate help and advice.
Over the past year we’ve all felt the impact of rising costs on our finances. Food and drink inflation hit a new record level of 16.8 per cent in December and energy bills continued to rise, leaving many families struggling to pay for the essentials. The debt help charity is deeply concerned that many will see their financial situation get worse - and more unmanageable - as the year goes on.
CAP Scotland is encouraging people to seek help with problem debt now and not put off making that call in order to gain professional, impartial and confidential advice.
CAP Scotland’s National Director, Emma Jackson, explains why this is so vital: “Over the past year we’ve seen the devastating impact of soaring costs hitting people hard.
“In particular, those on the lowest incomes have faced impossible choices as they simply can’t afford essentials - we have seen demand for our emergency aid more than double.
“Problem debt is on the rise as budgets are being stretched to breaking point.”
She continued: “Too often shame and stigma keep people locked in problem debt, 50 per cent of CAP clients wait for over a year to get debt help. Many simply don’t know where to turn and too often people are left feeling trapped and isolated.
“If you are struggling right now, you are not alone - we are here and ready to help.”
CAP Scotland is urging anyone who is experiencing problem debt not to wait until things get worse.
Debt Coaches can meet you in the comfort and safety of your own home, provide emergency aid and stay with you every step of the way until you become debt free.
To start your debt free journey visit capscotland.org or call 0800 328 0006.
To keep up to date with the latest cost of living news, join our Money Saving Scotland Facebook page here, or subscribe to our newsletter which goes out four times each week - sign up here.
READ NEXT
DWP confirms payment schedule for new cost of living cash support
People on low income struggling with money this month could be due cash help from local council
Full list of one-off payments for parents and households due over the next 12 months
Check your eligibility for new £50 heating payment due to be made next month
New website helps Scottish households check for extra financial support
