With total household borrowing now topping £200bn, we looks at options for those who find themselves in difficultiesCampaigners have long warned of the problem and it is now official: Britain has a growing debt problem at levels not seen since the global financial crisis almost a decade ago.Borrowing through credit cards, overdrafts and car loans – unsecured consumer credit – and other forms of financing has topped £200bn, confirming grim predictions from debt charities of the spiralling problems they see on the ground. Recent figures from the Bank of England have shown it grew by 10% in the year to June to £210bn, the highest figure since December 2008. Continue reading…
Source : theguardian.com
Read more…The UK debt tide is rising – how can you avoid drowning?
