2. Working with Debt: Causes and effects of debt in the North East Alison Baxter Regional Manager, Fincan

3. Total outstanding UK personal debt: £1.47 Trillion (£158 billion is unsecured debt) Number of County Court Judgments issued every day in the UK: 1317 Daily cost of raising a child in the UK: £29.02 Wonga’s APR 5853% Debt Play Your Cards Right

4. Fincan – Who are we? Vision We are the North East voice for financial well being Mission Working together to influence policy makers and to inspire and support members to improve the financial wellbeing of people in the North East

5. Capable Included Enough What is Financial Well Being?

6. Causes of debt Change in circumstances Low income Taking on too much Irresponsible lending

7. Facts and figures in the North East 34p in every £1 of gross income is debt Average household debt is £6000 Insolvencies 35% above UK rate 7320 possession orders granted

8. Effects of debt Reduced spending power Less economic resilience Personal consequences Exclusion Pressure on services