Debt woes hitting more Britons
Debt woes hitting more Britons
Tuesday 3rd June 2008
In a survey conducted by MoneyExpert.com, 38 per cent of those polled said they were worried over the loans and credit card debt they have built up.
This is up from 33 per cent who confessed that debt was a concern for them during the previous quarter.
A statement from the site attributed the rise to "surging food and energy bills" which it said are "beginning to take [their] toll on consumers who have debts to repay".
Sean Gardner, director of MoneyExpert.com, said: "There are many economic and political measures of a downturn, but there is nothing quite as real as people in debt saying they can't repay the money they owe.
"With close to forty per cent of those who owe money worried about their ability to stay on top of their debts, these latest figures add up to a collective cry for help as Britain's enormous debt mountain looms larger than ever."
The survey also found that in the last three months some 32 per cent of people with debts said they have increased their level of personal debt.
SimpleIVA - Expert and Confidential IVA advice.
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