IVA expert, Sarah Walford from Revivalforyou.co.uk is warning consumers with money problems not to put off seeking financial advice.
According to a recent survey, approximately 60% of people say they are worried about their finances and are having to face economic uncertainty and higher living costs.
Many families need to find more than £1,200 extra a year just to maintain their standard of living. Once you add on the increased mortgage payments, millions of people are having to pay out an extra £2,000 per year, just to keep their heads above water.
Sarah Walford of REVIVALforyou.co.uk said “Life isn’t as easy as it once was and 50% of people now have a sense of ‘belt tightening’ and the main reason for cut backs are being blamed on the rise in the everyday cost of living. I would urge anyone with money problems to ask for help sooner, rather than later.”