12,000 low-income people hit with debts of €76m

A TOTAL of 12,000 low-income people ran up debts of a staggering €76 million last year.

12,000  low-income people  hit with debts of €76m

The figure was disclosed by the Government’s Money Advice and Budgeting Service (MABS), which has become the first port of call for people who have racked up serious debt.

The latest figures given by the MABS to Social Affairs Minister Seamus Brennan reveal that an increasing number of poor people faced problems with spiralling debt last year. The average debt for those who contacted the MABS was just under €7,000, but some had much higher debts.

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