Brits forced to borrow to pay bills this winter

Now the clocks have gone back, and UK households begin switching the heating on, it’s estimated 7 million people are reliant on credit to pay their bills this winter*.

In fact, as many as 15% of the adult population (8 million) readily admit they’ll be forced to borrow to get by in the next six months.

That’s according to research by Creditspring with respondents in Northern Ireland (31%), London (17%) and the East Midlands (13%) the most likely to need to borrow.

Ros spoke to Neil Kadagathur, co-founder and CEO of Creditspring and consumer expert Martyn James.

Photo by Colin Watts on Unsplash