As we come to the end of 2011 and into 2012 more and more people are going to be feeling the effects of the struggling economic climate, with the average none secured debt for an individual sitting at £7,984 (excluding mortgages). This figure increases to £15,353 if the average is based on the number of households who actually have some form of unsecured loan. Average household debt in the UK is ~ £55,808 (including mortgages). Average owed by every UK adult is ~ £29,539 (including mortgages). This is 122% of average earnings. One of the most frightening statistics is that a home is reposed every 14 minutes in the UK today, and I believe this will only get worse once we see the base rate increase in 2012 which is in my opinion inevitable.

So what can you do if you are one of the many thousands of people who are struggling to make ends meet and pay those bills? Well the good news is that there are three exhalant organisations out there that are set up to help people, who are dealing with the horror of debt and possible consequences, and what’s more they are totally free to use, so if you are struggling contact them today, it will be the best move you ever made, guaranteed.