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Britons facing bankruptcy owe more than £60,000
geoffky
Posts: 6,835 Forumite
The full extent of Britain's debt crisis has been revealed as figures show one in 10 facing bankruptcy owe more than £60,000, excluding mortgage payments
The latest research into the state of households' finances also showed the average debt among people experiencing bankruptcy, a debt management plan or an Individual Voluntary Arrangement is £25,115.
But nearly a quarter of those in debt do not know how long it will take them to pay it off.
http://www.telegraph.co.uk/finance/personalfinance/borrowing/5926845/Britons-facing-bankruptcy-owe-more-than-60000.html
The latest research into the state of households' finances also showed the average debt among people experiencing bankruptcy, a debt management plan or an Individual Voluntary Arrangement is £25,115.
But nearly a quarter of those in debt do not know how long it will take them to pay it off.
http://www.telegraph.co.uk/finance/personalfinance/borrowing/5926845/Britons-facing-bankruptcy-owe-more-than-60000.html
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
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Comments
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geoffrey did you know that taking these debts away the net worth of each person in the UK is the equivalent of 200,000 euros
http://www.group-economics.allianz.com/images_englisch/pdf_downloads/economy_and_markets/financial_markets/sep07_e_haushaltsvermoegen.pdf0 -
Shocker.
People going bankrupt have large debts.
I love the news in this country. Tomorrow most ice creams will be known to below 0%C.0 -
53% is borrowed capitalIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
really2..why bother?It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
It will be okay.....House prices are on the rise....so just mew your house to clear the credit cards - then start again. :rotfl:0
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