People rationing essentials to keep up with credit repayments, says charity

Nearly half of those surveyed for StepChange said their financial situation is less secure than it was a year earlier.

More than two in five people are rationing day-to-day necessities or relying on help from others in order to keep up with credit repayments, according to StepChange debt charity (Anthony Devlin/PA) (PA Archive)

More than two in five people are rationing day-to-day necessities or relying on help from others in order to keep up with credit repayments, according to StepChange debt charity.

Some 43% of people are taking action such as rationing day-to-day necessities including energy, food and housing costs, missing essential bills, or relying on help from friends or family, to keep up with credit repayments, a YouGov survey for the charity found.

Nearly half (47%) of those surveyed said their financial situation is less secure than it was a year earlier.