Up to date information regarding credit and debt issues.

Moderators: TalbotWoods, JaneClack

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By TalbotWoods
#448123 What has debt in excess of £1,430,000,000,000? Maybe that is the amount this one of the near bankrupt economies in Europe was bailed out for.......Well think again, it is the average personal debt each of us has in this country a whopping £54,000 each! (Oh that also works out at FIVE TIMES national GDP that we as a county owe!)

According to a report by The Centre for Social Justice (CSJ) think tank, the study, called “Maxed Out,” said that despite the return to economic growth, personal debt in the UK totals £1.43 trillion, close to its all-time high. Average household debt stands at £54,000 - almost twice the level a decade ago.

If you want to know more here are a couple of links to media reports about this

From the Independent
From the Guardian
The Daily Mail

And I hear you saying, but debt doesn't really affect us in our neck of the country, have t thinks again, a very serious think again

PayPlan publish in a anonymous map from, showing which major postcodes are effected by debt, and how much in each area, it makes very very sober reading. I deal with peoples debts every day, and even this shocked me! Go on have a play with it, and see if it scares you!

Payplan's UK Debt Map

If afgter reading this, you think you would you like to talk to someone CONFIDENTIALLY about your financial situation?

Would you like to talk to an organisations that is NOT going to charge you?

Would you like to talk to an organisation that CAN help you?

If you answered YES or MAYBE to any of these questions, then there are three organisation in the UK that can offer you free, completely confidential, personal and impartial advice on your money worries.

PayPlan: Is a national organisation with approaching 20 years of experience in dealing with all kinds of financial situations, no matter how bad they are.
Their advice and help starts with a simple phone call to 0800 280 2816

NDL: Is an organisation that advises you on solutions that are available to you, you can contact them on 0808 808 4000

StepChange Is an organisation that advises you on available solutions with your financial problems. You can contact them on 0800 138 1111

Remember this forum is where you can still ask questions, where you talk to people who have been through financial problems themselves.