Brits £10,000 Tipping Point

The point at which Brits begin to worry about debt is £10,000 according to a new survey which questioned 2,000 adults.

The survey found that men began to worry when debt reached £7,500 and £12,000 for women.

The amount at which debt was being dealt with was £20,000 which means there is a period when people will hold off taking action.

Our own research

Our own recent research at Debt Support Trust confirms people take on average 7 years to accrue debt however once they decide they need help, the time taken to do something about it is less than 4 days.

Typically, a person contacting Debt Support Trust will owe £32,000 to 8 different companies.

 

Debt Support Trust is a registered charity SC041902 which provides the following debt solutions

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan