AVERAGE levels of personal debt in Renfrewshire are among the highest in Scotland, latest figures show.

Researchers at personal insolvency practitioner Carrington Dean examined levels of unsecured debt across Scottish council areas to build a picture of how the cost-of-living crisis is having an impact on household finances.

Their study shows that, on average, Renfrewshire residents have £17,050 worth of personal debt.

This is the fifth highest in Scotland, with only residents in the Shetland Islands (£24,180), the Western Isles (£19,001), East Renfrewshire (£18,270) and Aberdeen (£17,423) worse off.

The average for Scotland as a whole is £16,133.

Graeme MacLeod, director of compliance at Carrington Dean, is urging Renfrewshire residents who have money worries to make sure they don’t suffer in silence.

Speaking during Stress Awareness Month, he told The Gazette: “A YouGov survey commissioned by the Royal College of Psychiatrists found that more than half of people across Scotland are concerned about the impact of the cost-of-living crisis on their mental health.

“While doctors are calling on the Scottish Government to reverse the freeze on mental health budgets, it’s important we recognise there’s another solution to helping ease the impact of the crisis in the meantime that doesn’t cost a penny.

“It’s time to talk.

“Many of us inherit a stiff upper lip when it comes to discussing our finances. We’re often taught from a young age that no-one should know how much you have, or don’t, and that talking about money is uncouth.

“That attitude can only exacerbate money troubles, leading people down a dark and lonely path.

“It’s no secret that debt is the final taboo but there’s no place for judgement or ignorance when it comes to money worries.”

Sharp increases in energy costs and recent rises in interest rates have had an impact on the personal finances of people across Renfrewshire, who also face a six per cent hike in council tax from this month.

However, Mr MacLeod has stressed that help is at hand for those who are struggling to make ends meet.

He added: “Talking about debt isn’t easy but one conversation can change everything. Whether it’s opening up to a friend, colleague or a professional advice service, there’s a host of support available.”