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Business, Innovation and Skills

Business, Innovation and Skills: Helping over-indebted consumers

 

 

 

Where to find help with debt

Wallet with credit cards


Case studies and other evidence

The National Audit Office carried out its own primary research on over-indebtedness.  The data and findings from our research are available from this page. It includes:

  • A survey of 1,361 consumers
  • In depth interviews with 20 consumers

The survey

We commissioned GfK-NOP to run a survey of over-indebted consumers.  The survey was carried out with three different over-indebted groups:

  1. Over-indebted consumers screened from a representative sample of the population of England and Wales
  2. Over-indebted consumers who were users of debt support services.  We worked with Citizens Advice, National Debtline and the Consumer Credit Counselling Service to recruit these respondents.
  3. Over-indebted consumers from the electronic individual insolvency register.

The survey identified four clusters: the "worried well", the "worried and at risk", the "over-indebted" and the "highly over-indebted". The identification of these clusters is useful because they display different characteristics and give information on the particular problems that each group has. For example, the "worried well" have the highest level of educational attainment, suggesting the greatest ability to self help. A greater understanding of the population could allow an improved ability to target resources on those areas which will have the greatest impact. 

The NAO found that in many cases the "worried well" and the "worried and at risk" shared similar characteristics.  Where this was the case we grouped these clusters into one category that we called "worriers".  Similarly the "over-indebted" and the "highly over-indebted" shared similar characteristics.  Where this was the case we grouped these clusters into one category that we called "badly hit".

The badly hit tend to be younger, whilst worriers tend to be older.  The badly hit are more likely to be on a lower income.  The highly over-indebted are the most vulnerable as they are more likely to be unemployed or unable to work because of a long-term sickness or disability, and most likely to be living in social housing.  The badly hit are also more likely to have financially dependent children.  Worriers are more likely to have a higher level of educational attainment than the badly hit.

Read a more detailed report on our analysis of the representative sample (PDF - 97kb).

Download the raw data from the survey in SPSS format:

The interviews

In addition, we carried out 20 qualitative depth interviews with respondents who had taken part in the survey.  Read the qualitative interview write-ups (PDF - 981kb).