What can be done to help the increasing number of women in debt?
Christmas can put an extra strain on the finances of most families and it’s usually women who take on the responsibility of buying presents and managing the household budget. Many are tempted to overspend on credit and store cards, forgetting about the true cost until the bills arrive in January. But the problem is not just seasonal one. So what can be done to help women in debt? Jo Daykin meets some women from the Maiden’s Lane Estate in Camden who have formed a self-help group called United Maidens to tackle personal debt problems. Jane is joined in the studio by financial journalist Sarah Pennells and Frances Walker from the Consumer Credit Counselling Service to discuss the reasons why women get into debt and what can be done to help them out of it.