Over the course of the past couple of years or so, many individuals living in the UK have seen their financial situation take a turn for the worse, whether that is through job loss, or reduced earnings, or struggling to stay on top of their personal loans, home owner loan and other debts. A new survey from the insolvency trade body R3 has found that around four in ten people in the UK currently believe that their financial situation is likely to get worse before it improves. This shows an increase in numbers concerned about their loans and finances of 13 per cent since the last survey was conducted three months ago
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40% Expect Their Finances To Worsen
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