Home > News > Debt advice

More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Britons `react passively to debts`

11/05/2007

Many Britons avoid paying their bills on time and some even ignore them altogether, according to new research.

A YouGov survey commissioned by Skywire Software revealed that nearly one-third of people delay paying what they own each month.

An additional one million consumers ignore their bills completely, with people between the ages of 18 and 29 most likely to do so, the study reveals.

Tracey Robinson, vice president and managing director of EMEA and APAC at Skywire Software, commented: "Receiving timely payment for bills is a major issue for financial services and utility companies in terms of managing both cash flow and customer relationships."

She added that a surprise finding of the survey was that people reacted
with more haste to a colourful highlighting, saying: "Many don’t realise the impact that a well-designed bill can achieve in terms getting bills paid on time and grabbing people`s attention."

In related news, recent research by CreditExpert stated that ten per cent of Britons would ignore their debts until they reached £50,000.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according