Unsecured loans highest among those in early thirties

According to a recent poll survey conducted by a leading financial institution, 30-35 is the age group that sees highest number of unsecured debt in the UK.

London, 1st May 2007: Recent survey showed that consumers aged 30-35 years have average unsecured debts of around £5,863, which equates to nearly 30% more than the national average.

Financial experts remark that "The early 30s are a transitional age where careers are taking off and before family responsibilities kick in. Many are buying their first homes at this point, but are also enjoying rapidly rising salaries and are keen to enjoy life to the full. Some, particularly those not trying to get on the housing ladder, may find themselves in financial difficulty as a result living beyond their means."

The news has raised concern over the alarming rate at which bad debts are rising. In addition to this, the poll also revealed that this early 30s age group is likely to make the maximum number of defaults on their unsecured loans.

News Source:
http://www.freepressreleases.co.uk/