Debt and Financial literacy in Leicester

Why do individuals or households with debt typically delay before accessing debt advice or help? What are the main triggers of ‘unaffordable debt’? And what factors lead to individuals seeking debt advice and support? We undertook a research project in 2021 and 2022 with the aim of understanding the challenges faced by individuals and households who are in debt in Leicester. We summarize in this report, key findings from the study. Then, appropriate policy recommendations are offered.