Household debts are spiraling out of control
Official figures show that Household debts have risen to their highest ever level. Indebtedness is growing at the fastest rate since before the credit crunch of 2008, says the Money Charity which compiled the statistics.
Uk adults now owe on average £30,000 each. With the average adult owing £3737 in Loans and Credit Cards there is a real worry on how Householders will cope.
With inflation set to rise, borrowers are urged to start cutting their debts. If you are feeling squeezed and need help, support or advice, contact Step Change today