Perhaps unsurprisingly families with children are more than twice as likely to have been trapped in problem debt as childless households, research by The Children’s Society has revealed. As part of its Debt Trap Campaign, the charity is urging the Government to introduce a 12-month "breathing space" scheme to give struggling families a period of protection from additional charges, mounting interest and enforcement action while they seek advice, put their finances in order, and get back on their feet.
