TDX Group research alerts businesses to upward spike in bad debt

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The TDX Group Consumer Debt Report from the UK’s leading provider of data and technology-driven debt solutions for businesses, reveals that over a quarter (28%) of Brits fear they may not be able to keep up with repayments on their personal debt.

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Further reading

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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