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|Harrington Brooks launches new Indebtedness Index|
|Monday, 23 March 2015|
Leading debt management firm Harrington Brooks has today called for the next Government to implement a national action plan on personal debt, as it revealed the results of its first indebtedness index, a new barometer mapping the cause of personal debt across the UK.
Of those that provided reasons, over commitment was by far the biggest cause for people falling into financial difficulty in Q4, with 57 per cent of Harrington Brooks’ customers citing this as the reason that they got into debt. This represents a 14 per cent rise from the Q3 figure of 43 per cent – suggesting that the problem is only getting worse.
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