Ever since the credit crunch hit the UK back in 2007, a growing number of families and individuals have been struggling with their finances and finding it increasingly difficult to stay on top of their personal loan commitments and other debts each month. A new survey conducted by Aviva on their Family Finances Report, has found that although the average family income in the UK has increased by around 7 per cent over the course of the past twelve months, the average family debt levels on unsecured loans and credit cards has increased by around 48 per cent over the same period
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Family Loan Debts Increase By 48 Per Cent
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