Friday 27th of March 2009
Paying off debts is one of the first things Britons would choose to do if coming across an unexpected sum of money, a poll has found.
The Nottingham carried out a survey, asking consumers what they would do if they discovered £500 in the street.
And although 51 per cent would hand it in to a police station, four out of ten said they would hold on to it and use it either to buy something or to pay back money they owe.
Such debt management tactics being prioritised may suggest that Brits are keen to ensure they reduce the amount they owe, something that could be particularly important in the light of Credit Action findings.
The charity recently revealed that the average household is almost £60,000 in debt, while the need for IVA advice could be rising as over £2,800 people are being made redundant each day.
Meanwhile, The Nottingham’s Clare Roberts noted that 12 per cent of people would use the £500 to open a savings account, something she said demonstrates an understanding that "there is a real need to set money aside".
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