Released on = May 14, 2007, 1:13 am

Press Release Author = Gracy

Industry = Financial

Press Release Summary = Brits are stretching themselves too far when it comes to
debts. Those in their early thirties have the highest level of unsecured debt in the
UK.

Press Release Body = London (loans-bazaar) May 12th, 2007: A recent poll conducted
for the Alliance and Leicester shows that consumers aged 30-35 years have average
unsecured debt of around £5,863. This average debt is nearly 30 per cent more than
the national average.

A separate research from credit experts Experian revealed that the British consumers
remain unfazed by the prospect of being in debt, until they owed more than £15,000
in unsecured loans. The more worrying fact was that five per cent of those
questioned by Experian said that they would not begin to feel anxious about their
unsecured loans until they owed more than £50,000.

Brits are increasingly relying on their personal borrowing capabilities by opting
for unsecured loans. The Alliance and Leicester poll also suggested that people in
their early thirties were the most likely to default on their repayments and make
late repayments.
However, the younger age bracket of consumers aged 18-29 was not in the same kind of
debt, but this could be because they are dealing with student loans.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit http://www.loans-bazaar.co.uk


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