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Friends and Relatives Unknowingly Sign Up to Large Debts

Friends and Relatives Unknowingly Sign Up to Large Debts

Citizens Advice has warned that too many friends and relatives are being saddled with mountains of debt after unknowingly signing up to guarantee expensive loan repayments.

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The Year of Debt or The Year of Debt Relief

A recent survey by the Step Change Debt Charity found that the average level of debt in the UK is £22,746. However, the figure in Scotland appears to be somewhat lower at £17,969. Indeed, Scotland actually has the lowest average level of debt recorded in the survey, contrasting starkly with the £23,925 owed by someone living in the South-East of England.

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