Consumers are seeking help in their thousands for debt management problems every day, according to new research.
Figures from financial charity Credit Action showed that every day, 1,000 people have a debt rescheduling plan put in place and 9,300 seek advice from the Citizens Advice Bureau.
The body said that in the year to November 2009, the overall level of UK debt owed rose by 0.7 per cent.
This included a 0.9 per cent rise in the amount secured on residential property, while unsecured borrowing dipped by 0.5 per cent, making the overall total £1,459 billion.
The average household owed £57,888 including
Debt management problems are always greater at the start of the year, when people have just spent heavily on Christmas, according to head of
He noted that 60 per cent of