A new study looking at the state of Britain’s personal finances has found that individuals in the UK now owe more than the amount the whole country produces in a year. According to research from Credit Action, by the end of last April British people owed £1460 billion pounds, a doubling of personal debt over the last ten years. Excluding mortgages the average amount owed by each UK adult is £8761, including mortgages it stands at £30228. The survey also found that the average interest paid by households each year on their total debt came to £2695. If you have large unsecured debts then why not get in touch today and see how Debt Free Direct can help you get rid of your debts?
UK personal debt soars
June 9, 2010 By
