Research published recently indicates that problems with debts may increase with age. The research conducted during April 2007 shows that those in over £10K of unsecured debt with the prospect of insolvency rises with age.


According to research conducted in April 2007, those in over £10k of unsecured debt reporting some likelihood of insolvency (‘quite likely’ – ‘certain’) rises steadily from just under 1 in 10 18-24 year olds (9%), to almost a fifth of 35-44 year olds (18%), right up to almost a quarter of 55+ year olds (24%).

The proportion rises steadily from 14% of 18-24 year olds, to almost a quarter of 35-44 year olds (24%), up to almost a third of 55+ year olds (32%). This means 55+ year olds are 167% more likely to go insolvent and 129% more likely to experience debt repayment problems than their 18-24 year old counterparts.

One in four of us are now struggling to meet repayments and may end up insolvent. This has increased through the last year or so.

If you are concerned about your debt situation or that of your business then please give us a call. We are always willing to listen.

Call us on: 0800 071 1616

Email us on: info@debtsgone.co.uk

See us on the web: www.debtsgone.co.uk