Personal debt levels see 44 per cent hike in Knebworth

PUBLISHED: 08:30 26 October 2018

Archant

There has been a whopping 44 per cent rise in personal debt levels for people living in Knebworth, according to new figures.

The latest quarterly UK Personal Debt Index shows average debts in the village rose to £20,948 in the three months leading up to October, compared to £14,539 the previous quarter, and against a national average of £20,687.

The PDI is compiled by personal insolvency practice Creditfix following a survey of more than 90,000 people across the UK.

Creditfix’s Taylor Flynn said: “Summer is an expensive time of year. The temptation to spend on family activities and going away is rife.

“However, if not managed carefully, overspending can be incredibly damaging as we head towards Christmas.

“Priorities change and the pressure to save up for presents and festive parties can become even more difficult if there is a financial overhang from the summer.”

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