| All News | Archived News |
Unpaid bills mount as debt problems hit
10 January 2008
The debt problems of British consumers are reaching breaking point after new research showed the number of unpaid bills has reached record levels.
A study by MoneyExpert found that as many as 6.9 million household bills went unpaid across the UK since June last year, as finances became increasingly stretched.
Around one in twenty British adults have paid their council tax late or not at all in the last six months, the research found. At least 1.3 million Brits struggled to pay a gas or electricity bill on time during the last six months.
Sean Gardner, chief executive of MoneyExpert, said: "For some time we have been waiting to see how the financial squeeze would affect the average household. Nearly seven million unpaid household bills is a fairly conclusive sign that we are feeling the effects.
"Paying one bill late is not something to panic about. But if you find this is becoming something of a habit then you need to take action."
According to Credit Action, the average UK adult owed £8,956 in loans, overdrafts and bills.
Speak to an expert today
Call freephone: 0800 161 3516
©2008 Gregory Pennington Ltd. Pennington House, Carolina Way, South Langworthy Road, Salford M50 2ZY. Company Registration No. 2855061
Registered in England and Wales
Part of the Think Money Group. Our initial advice on your best financial solution is free. Fees payable where continuing services are provided. Calls may be recorded for training and quality purposes.
Debt Management | Debt Solutions | Debt Consolidation | IVA | Trust Deed