During a festive season in December’s episode of 2022 on Debt Talk podcast with your host, Ripon Ray, I spoke about: ‘Alternative lending and debt recovery' during the cost of living crisis.

The average household credit card debt in the United Kingdom in 2022 is £2,100. If you include the mortgage, it is £63,000 per household. In this episode, I had three panelists:

Helen Baron, Chair of London Capital Credit Union, pointed out that the credit union holds over £2 billion worth of consumer credit industry and that nearly one in every ten people in the UK has at least one account with a credit union. A credit union can offer a cheaper and more affordable loan compared to a high-cost lender when you are struggling financially.

Peter Gent, Director of COEO ...