What are the Biggest Forms of Personal Debt?

According to a report from the National Audit Office, up to 8.3 million people in the UK struggle to pay off their debts and/or household bills. Among an array of circumstances, on the whole, most debt comes about when the cost of living is too high against that of our household income, whether it be employment of benefit entitlements. What’s more, debt comes in many different forms and with the apparent rise in personal debt in the last few years, many people are looking in ways to consolidate their debt problems.

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