One in three Brits ‘concerned about debts’

Posted 2008-06-2

A recent poll highlights that more than one in three Brits are concerned about their level of debt.

Moneyexpert.coms survey shows that 38 per cent of respondents are worried that they will not be able to pay their loans and credit card bills, a rise of five percent compared to three months ago.

It also emerged that eight per cent of those with debt are "very concerned" about their financial situation.

Of those questioned during the survey, 23 per cent admitted to taking on more debt in the past three months, to help them cope with rising fuel and food prices.

Speaking about the results, Sean Gardner, director of the financial website, said: "These latest figures add up to a collective cry for help as Britains enormous debt mountain looms larger than ever."

He added that anybody struggling to repay their loans or bills should seek immediate help to avoid getting into more difficulty.

Meanwhile, the Financial Services Authority has advised people to stay on top of their mortgage payments and is launching a new campaign to help people stabilise their finances.

Leave a Reply