Brits unconcerned by mounting debts
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The study showed 44 per cent of people with outstanding debts did not know exactly how much they owe, with 18 per cent of women showing financial ignorance compared to 12 per cent of men.
People in the 45 to 54 age group were most concerned about their levels of debt with 25 per cent saying they are at their financial limit. Callcredit hope that the findings will encourage more people to assess their exact debt levels and increase awareness which could combat growing identity fraud.
"The findings of our survey are disturbing," said Callcredit director Alison Ward.
"People need to monitor their levels of debt so they can manage it effectively, having such a carefree attitude towards their borrowing is leaving people open to financial fraud and overindebtedness."
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