Increasing numbers of people are taking resort to IVAs, bankruptcy and debt consolidation loans. The figures show that there are 8.4 million adults in the UK who are more than £10,000 in debt.
November 9, 2006 (Press Release) --
Debt problem could blow out of proportion if the present trends in the financial market continue to remain unattended. A market research shows that credit cards are a factor in 91 per cent of serious debt cases. As a result, people are considering debt consolidation loans and other measures to solve their predicaments.
London (shakespearefinance) November 7, 2006: A research by the insolvency company Thomas Charles shows that there are an increasing number of people who are finding it hard to pay off what they borrow. The situation calls for some urgent measures to bring things in order.
Increasing numbers of people are taking resort to IVAs, bankruptcy and debt consolidation loans. The figures show that there are 8.4 million adults in the UK who are more than £10,000 in debt.
Overall, one-in-three women are over £10,000 in debt and struggle to make repayments, revealed the Thomas's research.
James Falla, director at Thomas Charles said that the latest research confirms that the debt problem in the UK is continuing to worsen. He elaborated that the market trends reflect a correlation of increased borrowing alongside a massive decrease in the number of people coping with their debts.
He further cautioned that the debt situation could spiral over the next few years if the nation does not take action on the current borrowing trends.
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit http://shakespearefinance.co.uk
London (shakespearefinance) November 7, 2006: A research by the insolvency company Thomas Charles shows that there are an increasing number of people who are finding it hard to pay off what they borrow. The situation calls for some urgent measures to bring things in order.
Increasing numbers of people are taking resort to IVAs, bankruptcy and debt consolidation loans. The figures show that there are 8.4 million adults in the UK who are more than £10,000 in debt.
Overall, one-in-three women are over £10,000 in debt and struggle to make repayments, revealed the Thomas's research.
James Falla, director at Thomas Charles said that the latest research confirms that the debt problem in the UK is continuing to worsen. He elaborated that the market trends reflect a correlation of increased borrowing alongside a massive decrease in the number of people coping with their debts.
He further cautioned that the debt situation could spiral over the next few years if the nation does not take action on the current borrowing trends.
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit http://shakespearefinance.co.uk
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