Fifth of Brits admit their debt worries them
30/04/2010
New research by Scottish Widows has found that more than a fifth (22%) of Brits admit that they have `too much debt to feel secure`.
The Scottish Widows Priorities of Life index found that although the UK is no longer in recession, many people are still feeling financially insecure because they don`t have enough time to focus on their financial futures.
36% of respondents said they aren`t prioritising their financial security enough, even though just under a quarter (24%) said they are `more afraid of neglecting their financial security than anything else in their life`.
A spokesperson for Debt Advisers Direct commented: "Making contributions to a savings account in preparation for the future can be an excellent way to protect against debt.
"However, some people aren`t in a position to save - possibly because of the debts they are carrying. We would advise anyone in this situation to contact a professional debt adviser."
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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).
Carlton House, Vere Street, Salford M50 2GQ. Company registration No. 4348410. Registered in England and Wales. Consumer Credit Licence No: 0520486


