Nearly 200 Fenland people receive Breathing Space on their debts

Nearly 200 people in Fenland have accessed the government’s new Breathing Space scheme since its launch in 2021, according to official figures.

Breathing Space provides a 60-day period with no additional interest, charges, or creditor action while people get debt advice and make a plan.

National Debtline provided free advice to 99 Fenland residents in the last year, and is urging people to get in touch this ‘Talk Money Week’.

Breathing Space – also known as the Debt Respite Scheme – gives eligible people who contact debt advice services like the National Debtline the time to seek advice and start to find a safe route out of debt, without being subject to creditor collection and enforcement activity.

The scheme was launched in May 2021 and provides up to 60 days protection, and pauses any additional charges or interest for that period.

In the last year, National Debtline has helped 99 people in Fenland tackle their debts, including through the new Breathing Space scheme.

To mark ‘Talk Money Week’, the charity-run service is urging Fenland residents who are worried about their finances to contact their debt advisers for free, independent advice as soon as possible.

Seeking advice has a positive, long-term impact, with, nine in 10 National Debtline callers reporting that their debts reduce or stabilise – and seven in 10 seeing a positive impact on their emotional and mental well-being.

David Cheadle, acting chief executive of National Debtline’s parent charity, the Money Advice Trust, said: “The cost of living crisis has had a huge impact on household finances and people in Fenland and right across the East of England are struggling to cope.

“In the last 12 months alone, National Debtline advisers helped 99 people in Fenland through our free phone service – including registering people who are eligible for the government’s new Breathing Space scheme.

“But we know there are many more people who are struggling alone – and no one should have to do that. I would urge anyone in Cambridgeshire who is worried about their finances to contact our advisers at National Debtline, who can give you the advice and support you need.

“Our advisers are here to help – and can see if you are eligible for the Breathing Space scheme to give you the time and headspace you need to make a plan. Everyone’s situation is different, and even if you aren’t eligible for this particular scheme, our expert advisers can help find the best option for you.”

Fenland residents can speak to a National Debtline adviser for free, independent advice – including on the Breathing Space scheme – over the phone on 0808 808 4000, or get advice online at www.nationaldebt.org