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Credit Action tracks increase in debt levels
Debt consolidation could be considered by more Britons, following an increase in the total national personal debt.
Overall UK personal debt levels were found by charity Credit Action to have increased by £42 billion to £1.46 trillion from January 2008 to January 2009.
On average, the typical UK household was found to have almost £10,000 in unsecured debts - and £60,000 when secured debts such as mortgages were taken into account.
However, Credit Action also said that the increase to the national debt total slowed over the year, potentially as a consequence of the credit crunch and the economic downturn.
High street loans are now harder to come by than before.
Moreover, rising unemployment and falling interest rates have put pressure on many household budgets.
In January 2008, the total was rising at a rate of £1 million every five minutes.
By January 2009, this increase was occurring every 40 minutes.