In 2010 only in Britain’s poorest households did the unsecured debt/take home pay ratio rise. Data from ClearDebt sample of more than 59,000 people with debt worries.
Continue reading the "2010: unsecured debt amongst poorest households goes up" »
Negative equity is a big problem for Britain’s highest earning debt worriers and fewer people can rely on adding to their mortgage to fund credit card debt.
ClearDebt take another look into the their debtor database and show their findings on how long it takes people to pay their debts, including some extreme examples such as the person who would need 694 years to become debt free
Spending more than you earn is the quickest route to misery – so said Dicken’s character Mr Micawber – we look at people with debt worries and the numbers that can’t make ends meet.
Continue reading the "The Micawber Principle – Who owes more than they can repay?" »
A look at more than 60, nearly enquiries made to ClearDebt shows that the less you earn, the more you are likely to have debt problems – but that significant debt problems exist at any level of income – even the highest.
Continue reading the "Are people in debt the poorest in society already?" »
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