• From The Telegraph:

    Middle-class families in London and the South East of England have run up the largest debts in the country with some owing more than £50,000, a survey has revealed. The inhabitants of prosperous areas in the southern parts of Britain have borrowed almost four times more than their counterparts in parts of Scotland and north west England, according to a study by the credit reference agency Experian. The research has also shown that the average individual’s debts have risen by more than £2,000 in the last year.Bankruptcy fears for families as average debt hits £60,000How to make a profit from the credit crisisCut your household bills | Reduce your water billExperian used its records of what people owe on mortgages, personal loans, overdrafts, credit and store cards and hire purchase agreements to calculate how much debt there was in each of the 286 postal code regions. The agency found that those in the areas with the highest property prices had run up the most debts. T…

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    Posted by Jon @ 2:24 pm

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