Debt Facts

Home » Debt » Debt Facts

If you are in debt you are not alone. People in the UK collectively owe over £1trillion. This is equivalent to nearly £5,000 for every man, woman and child in the country - and the debt is increasing!

The problem of debt

Read some of the articles below to appreciate how many of us have a debt problem. Then contact us and let us help you. We will advise you on the best way forward from a range of possible solutions.

Articles on Debt

Debt soars by 70%

Debts are spiralling out of control for a record number of Britons, with bailiffs chasing a staggering 20 million cases of missed repayments a year. More than 6 million households are in debt owing an average of £25,000 spread accross 15 creditors - and that does not include home loans.

The figure compares with having debts of around £10,000 owed to 5 or 6 creditors 3 years ago. Borrowers falling behind on payments are contributing to a debt payment deficit of £60billion - the equivalent of £2,000 a household. Bailiffs are chasing around £5billion of that sum.

(Daily Express 15th Oct 2003)

Debt Advice »

Free Debt Advice

Complete this form now for immediate debt relief

Try Our Debt Calculator
Debt Relief Calculator Use our calculator to see how much you can reduce your payments by