Debt Advisers Direct is a trading style of Freeman Jones and part of the Think Money Group. We have over 15 years' experience helping people in debt and won numerous awards.
The average UK consumer will have to work for 70 days this year just to pay off the interest accrued on their debts, new research has revealed.
As the amount of people looking for professional debt advice continues to increase, a study by Unbiased found that all the money earned during the first 70 working days of 2008 will go towards servicing debt.
A ten per cent increase in personal debt has meant that the number of days worked to pay off interest has increased from 44 to 70.
David Elms, chief executive of Unbiased, said: "In the current economic client is has never been more important for people to realise just how much it costs to service their debts and to ensure they have adequate funds available to do so."
According to Credit Action, at the end of January, the average UK consumer owed £4,748 in loans, overdrafts and credit card bills.
