A fifth of borrowers are worried they may not be able to meet the cost of
The Financial Services Authority (FSA) has also found that nearly a quarter of borrowers who are currently in money trouble had no idea how they were going to afford the increasing costs.
FSA’s director of financial capability Chris Pond, said: “Economic conditions are getting tougher, putting pressure on family finances.”
“And for those who are really struggling, don’t panic,” he added. “Talk to your lender or get free, confidential debt advice.”
Launching a £2 million advertising campaign, the FSA is especially focusing on homeowners whose fixed-rate or discount
Research by Abbey
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