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Charity delivers stark warning about UK personal debt levels

According to a new report from charitable organization the Citizens Advice Bureau, it would take more than a lifetime for some of its most indebted clients to clear what they owe.

<p>The consumer advice charity has delivered the stark warning that some UK citizens are so in debt that it would take 77 years to clear their arrears at a rate they could afford. <br /><br />The shocking statement comes as the headline to a worrying new report that reveals the alarming increase in Britons seeking its help for debts that have become unmanageable. <br /><br />Most concerning is the fact that calls to the charity from those suffering from crippling credit card and loan debts have doubled in the last eight years alone. <br /><br />Based on figures from 567 of its debt clients in England and Wales, the Citizens Advice Bureau says its average client now owed GBP13,153, nearly a third more than three years ago, the Guardian newspaper reports. The figure also represents nearly 18 times the clients&#0039; average monthly household income. Most of the surveyed group came from low income households, with the majority dependent on benefits to some degree. <br /><br />Ironically, this group of seriously indebted individuals cannot even afford to pay for court fees to declare bankruptcy. Therefore the Bureau has called on the UK government to accelerate plans to introduce the Debt Relief Order, a new low-cost, out-of-court insolvency remedy.</p>