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Unsecured loans highest among those in early thirties

Released on = May 14, 2007, 1:18 am

Press Release Author = Bernard

Industry = Financial

Press Release Summary = According to a recent poll survey conducted by a leading
financial institution, 30-35 is the age group that sees highest number of unsecured
debt in the UK.

Press Release Body = London, 1st May 2007: Recent survey showed that consumers aged
30-35 years have average unsecured debts of around £5,863, which equates to nearly
30% more than the national average.

Financial experts remark that \"The early 30s are a transitional age where careers
are taking off and before family responsibilities kick in. Many are buying their
first homes at this point, but are also enjoying rapidly rising salaries and are
keen to enjoy life to the full. Some, particularly those not trying to get on the
housing ladder, may find themselves in financial difficulty as a result living
beyond their means.\"

The news has raised concern over the alarming rate at which bad debts are rising. In
addition to this, the poll also revealed that this early 30s age group is likely to
make the maximum number of defaults on their unsecured loans.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit http://www.loans11.co.uk

Web Site = http://www.loans11.co.uk

Contact Details = Parade House
135, The Parade High Street
Watford
Hertfordshire
WD17 1NS

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