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UK debt levels 'remain high'
New figures from Unbiased.co.uk have suggested that levels of debt in the UK remain high.
Research from the website has found that while consumer savings levels fell during the third quarter of 2009 to £13 billion, the amount of debt appears to have only dipped slightly by £1 billion.
The findings suggested that debt levels still remain around double what they were at the beginning of the year, which suggests many people may be looking to consolidate through loans in order to control their spending.
Karen Barrett, chief executive of Unbiased.co.uk, said the study highlighted how Brits are "slipping back into old habits".
She added: "It is therefore vital for consumers to keep a close eye on savings rates and seek advice from an independent financial adviser, who can search the whole of the market, for the best deals for their personal financial situation."
Earlier this month, Melanie Taylor, head of corporate relations at Think Money, called on consumers to carefully plan their efforts to pay back debts or credit they run up over the festive period.