Nine million in ‘serious’ debt across the UK

According to a new report, nearly nine million people across the UK are living with serious debt problems.

The Money Advice Service (MAS) has stated that very few people were making any attempt to get professional help. The debt problem is particularly acute in five English cities where more than 40% of the population is struggling to repay debt. Reports show that Hull has the highest level of serious debt in the UK where 43.1% have admitted they were in financial trouble.

MAS have stated that for the first time the survey has provided a detailed understanding of the lives of those who are struggling with debt.