Financial Times FT.com

UK - Economy & trade

‘Problem debt’ hits £25bn

By Jane Croft

Published: April 16 2008 07:07 | Last updated: April 16 2008 07:07

About £25bn ($49bn) of consumer debt in Britain is “problem debt” that people are struggling to repay, according to a new study.

The debt belongs to about 1m people who each owe about £25,000 in addition to any mortgage loans, according to the report from TDX Group, a provider of debt management data.

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