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