Debt - South-East tops debt list - 17/08/2008

 
 
 

A map detailing the most debt ridden areas in Britain has revealed that the South-East tops the list as the most affected in the UK.

The figures from ClearDebt, an advice company, show that residents within the South-East have an average amount totalling £26,576 in unsecured loans.

Nick O'Reilly, president of the insolvency profession's trade body R3, said: 'People living in the City may well have felt happy with higher levels of debt until their circumstances changed, similarly, people who move to the Isle of Man, as opposed to those who come from there, tend to need a higher level of income to do so. Should that income fall, their debts will become a problem and their scale of debt proportionally higher.'

The survey also revealed that although mostly a poor problem, wealthy or middle class people will often find themselves owing significantly more.

   
 
     
 
 
  19/11/2008 - Economic recession causes rise in bankruptcy. Following the drift of the UK economy into recession a sharp rise in bankruptcies...
17/11/2008 - Iceland given $2bn to cover repayment debts. The International Monetary Fund (IMF) has agreed to provide, the troubled economy, Iceland with...
16/11/2008 - Stirling on shaky ground following massive debt. The most revered currency across the world could be on the verge of collapse...
 
  Quick Debt Guides. This is where money is owed to the lender and is an obligation to the...
Debt Management. There are two main advantages for using a DMC: Advantages The borrower does...
Debt Consolidation. Depending on your level of unsecured debt, debt consolidation (consolidating all existing debts into a...
 
  15/11/2008 - Debt collectors hound innocent old lady. An elderly woman from Bangor has endured 18 months of relentless hounding from debt...
31/10/2008 - Reforms to avoid recession. In order to maintain growth in the UK, Gordon Brown feels that borrowing to...
30/09/2008 - Which way to pay. What is the best way to manage debt effectively? The three popular ways to...
Debt Advice
Mortgage Advice Call our debt advisers
0800 1777 197

Debt News Latest News
19/11/2008 - Economic recession causes rise in bankruptcy. Following the drift of the UK economy into recession...
Read More
17/11/2008 - Iceland given $2bn to cover repayment debts. The International Monetary Fund (IMF) has agreed to provide,...
Read More
16/11/2008 - Stirling on shaky ground following massive debt. The most revered currency across the world could be...
Read More
More News >>



Only Finance Ltd is authorised and regulated by the Financial Services Authority, FSA registration number: 466941. Our registered offices are 1 Kings Avenue, Winchmore Hill, London N21 3NA, company number: 05640662. Telephone 0207 377 1805.