Monday 10th of January 2011
People who are already struggling to keep on top of their mounting debts may wish to seek individual voluntary arrangement answers should their monetary position worsen.
And car accidents could contribute to this trend as it has been found the poor condition of roads in Britain is likely to result in a spate of motor insurance claims.
The AA has revealed the average claim for pothole damage to cars is over £1,300, with the costliest incident the organisation dealt with last year reaching £14,000.
Director of AA Insurance Simon Douglas said: "It's really important that drivers keep a sharp eye out for potholes and keep their speed down, particularly on secondary roads."
He added even low-speed bumps could result in costly repair work being required.
Catherine Hearnden, director at MyMortgageDirect, recently claimed many adults in the UK are too frightened to openly talk about their debts and prefer to wish the problem would just disappear.
By Chris King
- Debt consolidation loans falling, figures show
- Britons 'changing attitudes' towards debt management
- Homeowners 'more concerned with debt management'
- Low interest rate 'contributing to debt management efforts'
- Debt management growing in importance, survey finds
- Financial woe 'spoiling luxury goods spending'
