The UK is facing a deepening debt crisis following this week’s Budget announcement. As households grapple with record levels of financial strain, rising household debt and growing vulnerability, YourFinances.co.uk has launched the world’s first free, voice-enabled AI debt support platform.
This innovative platform offers 24/7 confidential access to a range of tools including the AI Debt Coach, Budget Analyzer, Legal Letter Generator, Budget Balancer, and debt-to-income calculators. For the first time, users can also access full voice-enabled debt support, allowing them to speak naturally to the system instead of typing.
During its soft launch, the platform has already been used by over 15,000 people, with more than £500m in debt balances seeing interest paused or enforcement reduced after users generated FCA-aligned letters requesting support from lenders.
The launch of YourFinances.co.uk comes amidst growing evidence of the emotional toll of debt. Research from the Money and Mental Health Policy Institute shows that individuals in problem debt are three times more likely to experience suicidal thoughts, with over 420,000 adults in England considering suicide in a single year due to debt pressure.
Richard Stringer, of YourFinances.co.uk, stated:
“Each new Budget adds even more pressure on families who were already struggling. We created YourFinances.co.uk to provide free, confidential, and practical support to anyone who feels overwhelmed by debt – without judgement and without needing to talk to someone if they’re not ready.”
One of the most transformative features of the platform is the AI Letter Generator, which allows users to input their details and receive a professional, FCA-aligned request for support. So far, lenders have responded positively, with no users reporting a refusal.
Darren Fawkner, a user of the platform, shared his experience:
“I was at breaking point after losing my job. The letter YourFinances.co.uk generated was something I could never have written myself. Within days, all my creditors paused their calls. For the first time in months, I could breathe again.”
YourFinances.co.uk is a UK consumer-support platform that offers free, confidential, and AI-powered tools to help individuals manage debt, communicate with creditors, and rebuild financial stability. While the platform provides information only, all regulated debt advice is delivered by FCA-authorised partners.
For press inquiries, please contact Richard Stringer at press@yourfinances.co.uk or visit https://www.YourFinances.co.uk. Distributed by https://pressat.co.uk/.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.