UK Still Paying off Debts From Last Christmas
Over stretching of debt is becoming a ubiquitous problem in the UK. This precarious situation has been given further credence by recent figures suggesting that 4.2m people in the UK are still paying credit card bills from Christmas last year.
That’s a very worrying statistic if you consider what a pricey form of debt credit cards are.
According to Moneyexpert.com further data reveals that the average UK resident was unable to wipe off their Christmas debts until March 2006.
Sean Gardner - Chief Exec of Moneyexpert said:
“Getting into debt is fine as long as you have the means to get out of it.” Stating the obvious, but how many of us are still falling into this trap.
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