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Debt enquiries on the up at Citizens Advice
Debt consolidation loans could be on the up over the months to come, as Citizens Advice deals with more and more problems.
The charity said that the typical debt from a consumer who makes an enquiry has hit £16,000 - and that enquiries have doubled over the last decade.
This is an increase of two-thirds from 2001 and represents around 18 times the typical monthly salary.
Citizens Advice said that it would take 93 years to pay off these debts at a reasonable rate.
Commenting, the charity's chief executive David Harker said: "These findings make sobering reading, especially as they are based on data collected just before the worst of the credit crunch began to bite.
"Since then we have seen an enormous rise in the number of people turning to us for help because they have lost their job, so we can expect to see many more people struggling with severe debt problems as the recession continues to take its toll."