Rising household bills `leaving people vulnerable to debt`

6 October 2008

As the cost of living continues to rise in the UK, increasing numbers of consumers are left facing the risk of debt, new figures suggest.

Produced by YouGov on behalf of trade association R3, the statistics indicate that 21 per cent of households are now finding it a constant struggle to keep up with the payment of bills.

It was also found that over a third (34 per cent) of people questioned have a credit card which they cannot pay off in full each month.

"People`s attitude to debt has softened to an alarming degree and we are not surprised that people are borrowing with no idea of how to repay," stated R3 president Nick O`Reilly.

He added that less than half of those in "serious financial difficulties" have sought professional advice.

According to a recent BBC report, the Samaritans has seen a 25 per cent rise in calls from consumers concerned about debt compared to the number it received last year.

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