Oxford households desperate to escape debt figures show

The scheme, also known as the Debt Respite Scheme, offers individuals a 60-day period with no additional interest, charges or creditor action. This time is intended to help people seek debt advice and develop a plan to address their financial difficulties.

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Jack Sporcic, a debt adviser from National Debtline, said: “Behind every Breathing Space application is someone trying to find a way to cope.

“At National Debtline, we’re hearing from people who have never struggled with their finances before, but rising costs have pushed them into difficulty.

“Breathing Space gives people time and protection and our advisers can help people understand if it is right for them.

“Everyone’s situation is different and even if you aren’t eligible for this specific scheme, our advisers will help you find the best option for you.”

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Since the scheme was introduced in 2021, a total of 702 people in Oxford have used Breathing Space to access debt support.

The pressures faced by Oxford residents reflect a broader national trend.

Across England and Wales, 89,132 people entered the scheme in 2025, equating to one in every 550 adults.

Separate data from the Money and Pensions Service indicates that 19 per cent of people in Oxford need debt advice.

National Debtline is encouraging anyone worried about their financial situation to seek free, independent advice as soon as possible.

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Recent research from the charity shows that four in five clients saw their debts reduce or stabilise after speaking to an adviser.

Additionally, three in four reported a positive impact on their emotional and mental wellbeing.

Mr Sporcic said: “No one should be worrying about debt alone.

“We urge anyone in Oxford worried about their finances to contact National Debtline as early as possible.”

National Debtline is one of the charities able to enter people into the Breathing Space scheme.

It is warning that even more people in Oxford may need support this year as living costs continue to rise and global events impact household bills.

The scheme offers legal protections and breathing room for people who are struggling financially.

An analysis ran by NimbleFins, an insurance company, of the Bank of England and Office for National Statistics revealed that the average total UK household debt has risen from £9,423 in 2015 to £18,361 in 2025.

The average home loan per household, of the households that have a mortgage, is now £197,811, an increase of 28% in ten years. According to ONS data, 29% of households now carry a mortgage.