Debt - Personal debt stacking up - 22/04/2009

It has been revealed that personal debt in the UK is so high that it would in theory take the whole country 83 working days just to cover the interest repayments.

The total debt amount has been recorded around the £88.5 billion mark for the whole country through credit cards, loans and additional borrowing.

Unbiased.co.uk chief executive, David Elms, said, "hopefully this will spur people into action. Tackling your debt can be a daunting task, but you don’t have to do it on your own."

He added, “An independent financial advisor will take a look at all of your finances to work out the best way for you to pay off your debts.”

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