Search

London in red: High number of charity’s clients in Havering have payday loan debt

PUBLISHED: 07:00 06 September 2018

Phil Andrew, chief executive at StepChange. Pic: StepChange Debt Charity

Phil Andrew, chief executive at StepChange. Pic: StepChange Debt Charity

Archant

Havering had the second highest proportion of clients at a debt charity with a payday loan debt at 10.4 per cent compared with the London average of 7.8pc.

According to a new report Londoners are more likely to be struggling with debt than the rest of the UK despite average higher incomes.

StepChange Debt Charity revealed that 100,000 people from London sought their debt advice, meaning that one in six of their clients last year came from the capital city.

The report is based on an analysis of more than 13,100 of the charity’s telephone clients and it shows that debt is a widespread problem across the capital.

Last year, 19,355 of StepChange’s clients from Havering were in problem debt, which the charity estimates costs the economy around £56.1.

The borough also had a high number of clients with council tax arrears, but there were lower levels of rent arrears of £1,117 for clients in comparison to the London average of £1,406.

Phil Andrew, chief executive of StepChange Debt Charity said: “Despite earning more on average than the rest of the country, Londoners have to fork out more to cover essential costs, pushing over half a million people living in the capital into problem debt.

“We found that higher housing costs are responsible for leaving Londoners with less money in their pockets after paying for household bills.”

StepChange is calling for earlier signposting and improved access to free regulated debt advice.

The charity also recommends more co-ordination across councils to promote the best practice council tax collection procedures, and for housing associations and private sector landlords to identify tenants in financial difficulty.

“As around one in six of our clients come from London, we call on the Mayor of London to work with local authorities and debt advice providers to ensure debt advice is sufficiently and efficiently resourced, as getting help as soon as possible and tackling the problems early on are key to financial recovery.

“Boroughs and councils need to implement fair debt collection processes so that people in financial difficulty are able to make affordable repayments that don’t make their existing problems worse.”

Latest Romford News Stories

Yesterday, 15:00

Medieval England was slow to develop a cash economy. Coinage was in short supply.

Yesterday, 12:00

Letters, contributions and comments sent in from Recorder readers this week.

The well-publicised delay to the Crossrail project will have come as frustrating news to many residents in our part of London.

Saturday, September 22, 2018

A look back at the biggest local stories from this day 60, 40 and 20 years ago

Saturday, September 22, 2018

We talk to hundreds of local business owners every day; we hear their concerns, understand their challenges and share in their successes.

Saturday, September 22, 2018

Officers forced entry to the address this morning (Saturday, September 22).

Saturday, September 22, 2018

Most days we’re told we are too fat, too lazy and we have to do something about it. And that’s just from my friends.

Saturday, September 22, 2018

Rabbit hay was used to hide more than £10million worth of cannabis on a lorry stopped at the Dartford Crossing.

PROMOTED CONTENT

Vauxhall has completed its sport utility vehicle range with the third, and largest, Grandland X. We put the SUV, now available at Tony LeVoi in Romford, to the test.

“The time to repair the roof is when the sun is shining,” so the saying goes. So if some warm weather is making your conservatory uninhabitable, think about replacing its roof with a flat one and adding a roof lantern instead.

The next step in renewable energy could be right beneath your feet as you walk through a Romford shopping centre.

Newsletter Sign Up

Romford Recorder twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read news

Show Job Lists

Education Promo

News from your area

Digital Edition

cover

Enjoy the
Romford Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now