Demographic shift

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2017 Predictions

What does 2017 hold for the debt industry? TDX Group experts give their view on the themes and developments we can expect to see in the coming months.

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Almost a third of Brits believe they’ll never pay off their debt

Online research from Equifax reveals nearly one third (31%) of people believe they won’t be able to pay off debt within their lifetime, and over one in 10 (12%) say they won’t even be able to reduce their debt levels.

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Brits think it’s too easy to get into debt

Our research reveals that 45% of people think it’s too easy to get into debt, with a further 20% stating that banks and other lenders need to be stricter about the amount they lend to consumers.

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Christmas hangover as Brits feel the financial pressure

As the hangovers of Christmas excesses hit, over one fifth of Brits (22%) say they feel most financially under pressure in January, according to research from TDX Group, an Equifax company.

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