Monday, May 7, 2007
15K unsecured debt considered nothing
Brits say debt below £15,000 not worth worrying about
Interest rate rises are having no effect on borrowers' confidence according to the latest Personal Credit Index survey from CreditExpert.co.uk, the online credit report monitoring service from Experian. People are proving more comfortable than ever before with high levels of debt...
Posted by converted lurker @ 10:30 AM (514 views)
One thought on “15K unsecured debt considered nothing”
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Scott says:
15k is nothing. Average house price in the UK is over 200k. If you were a first time buyer and had 15k instead of owing 15k and your salary was 30k but the average house price is 200k, what difference does it make? Having 30k extra counts for nothing.
So the perception is “why save”? Screw it and get a car, plasma TV, hash and some decent holidays.