HUNDREDS of Rugbeians sought help with unmanageable debts last year – as experts warn even more people will need help this year as the cost of living rises further and the impact of global events hits bills.
Government figures have revealed that 198 people in debt in Rugby entered into the Breathing Space scheme in 2025.
Also known as the Debt Respite Scheme, Breathing Space gives people struggling with debt legal protections, including a pause on creditor action and no interest or charges for up to 60 days – giving them time to get advice and come up with a plan.
Some 793 people in Rugby have used the scheme since its launch in 2021.
As separate figures from the Money and Pensions Service reveal 15 per cent of people in the town are in need of debt advice, National Debtline is urging anyone worried about their finances to contact them for free advice.
Jack Sporcic, a debt adviser from National Debtline, said: “Behind every Breathing Space application is someone trying to find a way to cope. We’re hearing from people who have never struggled with their finances before, but rising costs have pushed them into difficulty.
“Breathing Space gives people time and protection and our advisers can help people understand if it is right for them. Everyone’s situation is different and even if you aren’t eligible for this specific scheme, our advisers will help you find the best option for you.
Four in five callers to National Debtline were able to reduce or stabilise their debt, and three in four reported a positive impact on their emotional and mental wellbeing.
Jack added: “No one should be worrying about debt alone. We urge anyone in Coventry worried about their finances to contact National Debtline as early as possible.”
