30% of People Worried About Their Debt.

30% of People Worried About Their Debt.

Nearly one in three people in the UK are struggling with debt, new research has discovered.

A poll by MoneyExpert.com found that 30% of people are worried about their ability to stay on top of loan, credit card, and mortgage repayments.

The study also found that more than one in eight people have asked for advice on managing money because they are struggling to make repayments.

However it was also found that many people were reluctant to ask for help.

Over half the people that admitted to being very concerned had not attempted to seek advice.

Sean Gardner, director of Moneyexpert.com, believes debt is a ticking timebomb likely to explode this year.

He added everyone who is concerned about their money problems to ask for help and advice as soon as possible.

Research by credit action recently found that personal debt in the UK rose by £1 million every ten minutes during 2008.

In November, the UK’s personal debt totaled £1.45 trillion.

Wilson Field offer personal debt advice aiming to deliver a friendly, practical and simple solution to your financial difficulties.

If the solution is either an IVA or bankruptcy then Wilson Field can deal with the whole process for you.

If you found this article informative and helpful...Please Share!

Leave a comment

Related posts

Sign up for our newsletter and support Neurocare’s ROSA robot project…

Our newsletter is full of financial advice for businesses and individuals and latest news.

We are helping Neurocare to fund their ROSA machine. This state of the art robot is the first of its kind to be brought to the UK and installed in a NHS hospital here in Sheffield. - Read More

Currently for every newsletter sign up we receive, we will donate £2 to Neurocare.

Disclaimer: We guarantee privacy with your information and you will not receive spam emails for us.