| Almost half of UK adults are currently in debt and many believe the rising cost of independent living is to blame. A survey by Creditfix has revealed that almost 1 in 2 Brits (46%) are currently in debt. Those who admitted to being in financial difficulty were found to have an average debt of £6,465. The top cause of debt in the UK has been revealed as increases in household bills (36%) followed by raised rent or mortgage repayments (33%). Taylor Flynn, head of marketing at Creditfix, said: “The average British adult owns three credit cards with a total credit limit of approximately £10,000 available to them across them. With so much credit on hand, it’s easy to understand how temptation can get the better of people sometimes.” |
