The average debtor in the UK owes £16,753, according to figures from PayPlan.
The company, which offers free debt advice, also revealed that borrowers in Essex owe the most with an average balance of £18,508, according to its customer research.
Debtors in Cambridge and Belfast follow close behind in the list of debt hotspots, each owing an average of £18,463 and £17,114 respectively.
Mounting debts: The average UK borrower struggling with debt owes £16,753.
In addition the number of people falling into debt for a second time has more than tripled in the last year, from 2.6 per cent to 11.1 per cent, according to PayPlan’s figures.
This follows news that the annual rise in the cost of living (1.9 per cent in July) now almost…
Read the full article at: http://www.thisismoney.co.uk/money/cardsloans/article-3758269/Average-UK-borrower-struggling-debt-owes-nearly-17-000-s-track-stay-there.html
