'Debt noose tightening' on families

Press Association
Parent holding a baby's hand
Parent holding a baby's hand

A "debt noose" is tightening around households, with families paying almost £200 a month just in interest, a report has warned.


The "interest burden" recorded for the last three months of 2011 equates to almost a quarter (24%) of incomes after regular bills are paid, debt charity the Consumer Credit Counselling Service (CCCS) said.