Woman's debts reach £26k as she battles poverty
Gaynor Lake, a resident of Woking, has accumulated debts totaling £26,000 while struggling with poverty. A charity report indicates that individuals in the South East are on average £14,000 in debt, with repayment taking about a decade. After seeking help, Gaynor was advised to pursue a Debt Relief Order, allowing her to regain control of her finances.
- ▪Gaynor Lake's debts reached £26,000 due to rising bills over a 10-year period.
- ▪The average debt in the South East is reported to be £14,000, taking around 10 years to repay.
- ▪The government claims to be making progress in reducing poverty and improving household incomes.
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Woman's debts reach £26k as she battles povertyJust nowShareSaveAdd as preferred on GoogleDaniel SextonSouth EastClaire Starr/BBCGaynor Lake contacted the charity after having heating issues which did not get fixedA charity has published a report which says people across the South East are on average in debt of £14,000.Christians Against Poverty (CAP) works with local churches across the region and said on average it will take 10 years for someone to repay this level of debt.Gaynor Lake, who contacted the charity when she had heating issues, said things "escalated from there", with her debts reaching £26,000.A government spokesperson said: "Our efforts to turn the tide on poverty after years of rising hardship are making a real difference - household incomes have risen 5% in real terms,…
Excerpt limited to ~120 words for fair-use compliance. The full article is at BBC News — Business.