/24-7PressRelease/ - LONDON, UK, April 27, 2006 - (shakespearefinance) - Around three-quarters of people in Britain are comfortable with their debts reports a survey conducted by, credit monitoring service company, Credit Express. Britons collectively now owe more than 1 trillion in form of personal loans, credit card bills, home owner loans etc.
According to Credit Express, majority of consumers are confident of managing their debts. Nearly 33 per cent of borrowers are confident of decreasing the amount they owe in the next six months.
The survey also reveals that most of the Britons are confident of paying their household expenses as well as repay their mortgage loans and making their credit card payments regularly.
The research reports has taken many by surprise as experts were predicting tough times for borrowers in the event of debts crossing 1 trillion mark. The survey also confirms the establishment of debt culture in Britain and people being comfortable with it.
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