The latest statistics state that 8.2 million British adults are now in serious debt according to Call credit. 60% of UK consumers do not know how much they owe out to the finance companies research by call credit has shown. People over 60 are a large proportion of those with debt problems and this age group have accelerated faster than any other according to Consumer Credit Counseling services and they predict that by the end of 2007 they will be helping more people over 60 than under 25 years old. This is another article that back up the research by http://unbiased.co.uk that UK consumers are in denial about the level of debt that they have outstanding. Two million British consumers (6%) cannot give an accurate answer to how much debt they are in. There is a few ways you can get a bit more control over you debts. First you need to make a list of which companies and people you owe money too, that includes all secured loans, unsecured loans, credit cards and outstanding debt including your mortgage.
Then you need to place the debt into two categories priority debts and non priority debts. Place all mortgage, secured and all debts which you need to pay by law or as a...
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