The average level of personal debt held by the people of Leeds is now Â£ 12,973.96, according to the latest UK Personal Debt Index (PDI) from CreditFix.
But the borrowing level in Leeds is below the national average of Â£ 19,996.
he PDI is compiled quarterly by Creditfix, the UK’s largest personal insolvency firm, following a survey of over 60,000 people across the country.
Unsecured debt refers to any debt that is not protected by a guarantor or asset; this includes bank loans, credit cards and payday loans.
Terry Sweeney, CEO of Creditfix, said it was not uncommon for people to struggle at this time of year. He said: âThe three months leading up to Christmas are always a costly time, with increasing pressures to recreate the perfect festive occasion with gifts, parties and food to pay for.
âIn many ways these numbers are not unexpected, but they also reflect a longer term problem for people with a history of financial problems.
âThe New Year is a great time for people to come to grips with their money worries head-on. “It is quite understandable a very sensitive and concerning issue to be addressed – especially if these people do not share the burden with their loved ones – but in January we implore people to take a deep breath and seek professional advice. . “