Debt help could increase as Brits turn backs on saving
Brits are borrowing more and more money, according to new figures, which could increase the need for debt management plans and debt help.
Statistics recently revealed by unbiased.co.uk show that in the first three months of 2009, people on average were borrowing 13p for every pound they saved.
However, this grew to 62p for every pound put away by the fourth quarter of last year.
In addition, the website found that Brits borrowed some £28.2 million of non-mortgage debt in 2009.
Commenting on the data, Karen Barrett, chief executive of the firm, said: "These latest figures highlight that consumers are back behaving as they did before the onset of the credit crunch, even though the economy is still not back to full strength."
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