As individuals and as a society we’re increasing our debts faster than any time since before the financial crisis in 2007.
The debts come from ‘unsecured’ borrowing on credit cards, personal loans and overdrafts. This worries Bank officials by making the whole economy vulnerable to events such as those that caused the crisis.
Citizens Advice is also worried. For some clients higher credit interest charges on top of rent, council tax and other essential payments could lead to serious problems.
If you or friends or family members could be in this situation don’t wait. Check out online advice or fix an appointment with one of our debt advisers.
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Ref content and chart: Guardian 03/01/16