Lincolnshire town named in the top 10 places in Britain for debt worry
A Lincolnshire town has been named in the top 10 places in Britain where people are the most likely to worry over their spiralling levels of debt.
Margaret thatcher's birthplace Grantham ranked seventh place for residents fretting about paying off loans and mortgages than anywhere else in the UK, according to a survey of 40,000 people by debt management firm PayPlan.
The list of top 10 places was created based on the number of calls PayPlan had received.
Top of the list was Croydon - 144 calls, followed by Coventry - 95 calls, Nottingham - 80 calls, Taunton - 77 calls, Redhill - 70 calls, Nuneaton - 70 calls and Grantham - 70 calls.
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Northampton came next with 69 calls, Brighton - 69 calls and Arnold - 68 calls.
Payplan Director Jason Eaves said: “We know that on average only one in six people with debt problems will seek help.
“Often these people feel isolated and alone and don’t know where to turn. What this map clearly shows is the scale of the problem throughout the UK.
“Right now we are being told that the economy is ‘out of intensive care’ but there are still a few years ahead where people will continue to struggle financially.”
The research also found that the average debt level of people calling PayPlan is £83,465 – that adds up to over £3.4billion worth of debt.
For more information log on to Payplan.com.