Number of women in debt on increase, research finds

THE number of women in debt is on the increase according to the Money Advice and Budgeting Service (MABS).

Almost 10,000 women contacted the financial advice agency this year over debt worries — an increase of 21% on the same nine-month period last year, while 7,836 men used the service.

Credit card, store card, credit union and catalogue debts are all being racked up as more women try to juggle the family finances.