A TOTAL of 396 Solihull residents have sought debt advice from the government’s Breathing Space scheme since it began – according to debt advice charity National Debtline.
And now it is urging more people to seek advice as the cost of living crisis continues.
Breathing Space – also known as the Debt Respite Scheme – gives eligible people who contact debt advice services like National Debtline the time to seek advice and start to find a safe route out of debt, without being subject to creditor collection and enforcement activity.
The scheme was launched in 2021 and provides up to 60 days protection, and pauses any additional charges or interest for that period.
In the last year, National Debtline has helped 297 Silhilllians tackle their debts by phone, including through the new Breathing Space scheme.
To mark Talk Money Week – which runs from November 6 to 12 – the charity-run service is urging Solihull residents who are worried about their finances to contact their debt advisers for free, independent advice as soon as possible.
David Cheadle, acting chief executive of National Debtline’s parent charity, the Money Advice Trust, said: “The cost of living crisis has had a huge impact on household finances and people in Solihull and right across the West Midlands are struggling to cope.
“But we know there are many more people who are struggling alone – and no one should have to do that.
“I would urge anyone in and around Solihull who is worried about their finances to contact our advisers at National Debtline, who can give you the advice and support you need.
“Our advisers are here to help – and can see if you are eligible for the Breathing Space scheme to give you the time and headspace you need to make a plan. Everyone’s situation is different, and even if you aren’t eligible for this particular scheme, our expert advisers can help find the best option for you.”
National Debtline added seeking advice has a positive, long-term impact, with, nine in ten callers reporting that their debts reduce or stabilise – and seven in ten seeing a positive impact on their emotional and mental wellbeing.
To speak to an adviser for free, independent advice – including on the Breathing Space scheme contact 0808 808 4000 or visit www.nationaldebtline.org.
