Home  |  Mortgages  |  Loans  |  Credit Cards  |  Debt  |  Links

Debt

Although the UK has a good standard of living, there is massive personal debt problem. The current total of personal debt in the UK(04/07) is very close to£1.2 trillion. Personal debt is rising in the UK at the rate of £1 million every four minutes. £56 billion of the above is credit card debt and 14 million adults in the UK are reliant on their overdrafts at the end of the month.

There are two million households living very close to financial ruin and 3.5 million people are overdrawn permanently. Two million people in employment begin the month overdrawn, even after they have been paid. Single people are more likely to be in debt than married couples.

Related News

Bank of England Surprises with Base Rate Hike
The surprise 0.25 percentage point hike in the base rate by the Bank of England to 4.75% left the majority of borrowers and economists wrong footed, sending UK equities, Gilts and short sterling falling. But with inflation the only focus of the BoE, the question may not be if, but when will rates rise again?
Priority Debts
Get Budgeting Help Priority debts, are debts owed to creditors who can take the strongest legal actions against you if you do not pay Money. It is not the size of the debt that makes it a priority debt but what the creditors can do to recover their money.
Sun, 10 Apr 2005 17:09:48 -0700
Obituary: the CPDO, 2006–2008
When structured products started turning into four-letter words, investors should have taken heed.
Fri, 31 Oct 2008 00:00:00 GMT
Published by Apricots Ltd.
Site Map