Key Market Trends
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Total UK personal debt at the end of April 2008 was £1.436 trillion (up 8.4% in 12 months)
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Personal debt in Britain is increasing by £1 million every five minutes
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Debt enquiries to Citizens Advice Bureaux in England and Wales have hit a record high
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Large numbers of fixed rate and discount mortgages deals are coming to an end
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An estimated 2 million Britons are "irretrievably indebted"
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80% of Britons admit to regularly overspending
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House repossessions are at an eight year high with a slow down in the housing market
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Scottish consumers spend the same from a lower income and asset base
With figures like these, it’s clear why innovative debt solutions are required.
At Invocas, our background and expertise in this huge market gives us a real competitive edge.