Personal Finance: Our Bank Balances Are Healthy Despite Debt

Summary


The country is in good financial health even though consumer borrowing has burst through the pounds 1 trillion level, it was claimed this week.

The amount of unsecured debt per household has risen only slightly in relation to income over the past five years, according to debt-help charity the Consumer Credit Counselling Service (CCCS).

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Extract


Personal Finance: Our Bank Balances Are Healthy Despite Debt

In April 1999 borrowings on loans, overdrafts and credit cards averaged 23....

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