Towards a debt-free UK

Some statistics

Total UK personal debt was £1,169 bn at the end of Jan 2006 which has grown by a massive ¼¥100bn over the last 12 months. Average household debt in the UK is approximately £7,821 (excluding mortgages) and £47,278 including mortgages. Personal debt in UK is increasing by approximately £1 million every four minutes. 75% of the debtors attribute "living beyond their means" as the cause of their condition. At any time about 20 million people find themselves in debt in the UK.

The way out

The problem of debt is serious but the solution is well within reach: Debt consolidation. Debt consolidation programs are usually just a big loan that pays off other smaller loans. There are however a few things you should check before you engage in a debtconsolidation program. You might have lots of questions but few answers.

The community to help you become free

If you are in debt and looking for some guidance, let yesdebtfree.org and debtconsolidationcare.com bring the smile back to your face. The expertise and experience of its community members has helped many troubled souls and the community efforts have brought forth many issues which are well discussed and debated. For further assistance, there are great ebooks, softwares and articles which aims to make you debt-free.

UK Debt Information

England and Wales