Financial guidance is available from Caravan for cash strapped households, who according to a recent report from Pricewaterhouse Coopers (PwC), will need to find an extra £1,800 a year by 2015 just to cover the cost of interest on personal loans and credit cards.
The report highlighted that interest rates on credit cards and loans are expected to increase by between two and three percentage points in the coming four years, making a substantial difference to the amount the average household has to put towards debt repayment. Although, according to the report, a typical household reduced its unsecured borrowing by £500 last year, as families tried to pay down debts, they still owe about £8,000 on credit cards and personal loans.
It is important to tackle any financial problems and worries as soon as possible before the problem escalates. If you know anyone who is worried about how they are going to make ends meet they can find information and guidance on the Caravan Helpline, which has a range of factsheets offering advice across a range of subjects. Or they can contact our dedicated telephone advisors who are able to talk callers through their financial concerns and point them in the right direction.
The Helpline focuses on personal welfare problems arising from work, as well as at home. It is open to those who work in the grocery industry, from the factory to the shop floor. We are here for you and your colleagues to help ensure you are successful both at home and at work, and that your wellbeing is protected and enhanced. Please spread the word to anyone that may benefit from our services.
The Caravan Helpline is available 24/7 on freephone 08088 021122 or online within our Helpline pages.
