{"id":43946,"date":"2023-11-05T23:19:06","date_gmt":"2023-11-05T23:19:06","guid":{"rendered":"https:\/\/histarmar.net\/?p=43946"},"modified":"2023-11-05T23:19:06","modified_gmt":"2023-11-05T23:19:06","slug":"financial-crisis-looming-with-16m-missing-household-payment-this-year","status":"publish","type":"post","link":"https:\/\/histarmar.net\/world-news\/financial-crisis-looming-with-16m-missing-household-payment-this-year\/","title":{"rendered":"Financial crisis looming with 16m missing household payment this year"},"content":{"rendered":"

More than 16 million people are thought to have missed a household bill payment this year, with more than two million doing so for the first time.<\/p>\n

The Money and Pensions Service shared the findings to mark Talk Money Week which starts today.<\/p>\n

In October, it commissioned a survey of more than 3,000 people across the UK, which found that 30% have missed at least one payment in 2023.<\/p>\n

Credit card repayments were most commonly missed, followed by utilities, council tax and bank overdraft or loan.<\/p>\n

Meanwhile, some missed rent or mortgage repayments.<\/p>\n

MaPS is asking people to act now if they are struggling to make payments.<\/p>\n

MaPS\u2019s Charlotte Jackson said: \u201cPeople are struggling this year and, as these results suggest, some household budgets are becoming severely stretched. This Talk Money Week, we\u2019re asking people struggling with payments to \u2018do one thing\u2019 and act fast.<\/p>\n

\u201cIf you think you\u2019ll miss one, speak to your creditor, and if it\u2019s already happened, it\u2019s not too late to consider free debt advice.<\/p>\n

\u201cActing now will help you get some control over what\u2019s happening.\u201d<\/p>\n

Creditors may be able to offer a better tariff, a more flexible payment arrangement or charity help.<\/p>\n