Analysis of the charity of polling by YouGov found that an estimated 460,000 people expected to go into debt, while 644,000 anticipate an increase in their existing debt.

CAS highlighted the cost of living crisis and people struggling to afford essentials as a reason that many may find themselves in arrears.

The charity is launching “Debt Happens”, a campaign encouraging people who are worried about money and debt to seek advice from their local CAB or online.

CAS financial health spokesperson Myles Fitt said: “We have seen the worst cost of living crisis in living memory with soaring energy bills, prices rising in the shops with inflation and higher interest rates. As a result of that lots of people will have had no choice but to go into debt to deal pay for every day essentials.

“That is nothing to be ashamed, there shouldn’t be a stigma attached to debt, but if you are worried about money then seek advice from the Citizens Advice network as soon as possible.

“The network can provide specialist debt advice which can perhaps restructure or reduce your repayments, and advisers can also look at ways to maximise your income.

“It is easy to be cynical and think there is no help out there for you, but one in six people who sought advice last year from the Citizens Advice network saw a financial gain, the average value of which was over £4,200.

“The most important thing is to not put things off, and let money and debt worries build up until they are overwhelming. Our advice is free, impartial and confidential. We never charge anyone for advice and we are for everyone, whether you are in work or not. Debt happens, but the Citizens Advice network can help you through it.”