Pay rises can lead to debt, workers advised by Finance News Bulletin

Published: 06/12/07

Bankruptcy is "becoming more and more palatable" to those in serious debt, according to Thomas CharlesThree-quarters of populace in the UK do not appreciate how a one per cent difference in mortgage tax would affect their loan, according to new researchnow under 20 per cent of Britons have got into debt by spending on praise in anticipation of receiving a pay go up or work-related bonus, according to a new reportThat equates to around 3

4 million British adults, who have accumulated a debt of £249 billion between them, a Prudential study foundOf those that indulged in such expenditure - dubbed "money illusionists" by Prudential - almost semi had accumulated a personal debt of £1,414 or aboveAlarmingly, one in ten spent disburse rises or bonuses in go forward, then received less from their boss than they were anticipating

Prudential spokesman Angus Maciver said pay rises and bonuses often "appear to be putting populace further into debt""A pay rise or a extra ought to be the trigger to get debt under control but too many of us simply see it as an excuse to spend more," he addedIn relate news, Nationwide building civilization has advised consumers to create saving after a study revealed that one

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