The level of personal debt in the UK on things like unsecured loans and credit cards, as well as home owner loans and mortgages is still increasing at a dramatic rate, as many individuals are turning to the use of loans and credit to help pay their regular monthly bills through these difficult economic times. Despite the fact that many people are trying hard to repay their outstanding loan and credit card debts, many people are simply unable to do so and are borrowing more, which inevitably leads them into the situation of missed repayments and loan arrears. The latest figures from the loan debt charity Credit Action, have found that the average adult in the UK now has around £29,532 worth of loan debt and credit in their name, including balances on home owner loans and mortgages.
Go here to read the rest:
Almost £30K Of Loan Debt For Every Adult
Leave a Reply