According to recent research there are now millions of Brits who are worried about their personal debt levels, and more and more are likely to be seeking advice and solutions.
Over the past few years the global financial crisis and the recession has sent many people plunging into debt, with many having built up credit card debts, taken out loans, spent on overdrafts, and wiped out savings in order to make ends meet financially.
It has now been reported that millions of Brits are worried about their debt levels, with personal debt having a real negative impact on the lives of many who are struggling to cope with repayments and finances. The survey was carried out by R3, and showed that forty percent of Brits were worried about the amount of money that they owed.
The most concern was amongst those that had run up debts on their credit cards, and in the current climate many find it hard to switch from high interest cards to 0 percent cards because of the strict lending conditions being exercised by banks and providers. Thirty two percent of those polled said that they were concerned about their overdraft debt.
The study also found that people living in London were most likely to be worried about their debt, with forty nine percent of those polled in the area stating that they were worried about their personal debt levels. Forty four percent of those that were in the north east and north west said that they were concerned by their debt levels. The least concern was amongst those living in the ease, where just thirty three percent were worried about their debts.
Source - Clear Debt