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More people making debt repayments over last three months to offset rising living costs
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dailyrecord.co.uk
dailyrecord.co.ukSpending on paying back debts jumped by 10 per cent between July and September compared with the three months before according to analysis by Nationwide Building Society which said the number of transactions made to pay off debt increased by two per cent in the third quarter.
The figures suggest people are looking to take control of their finances wherever they can, the Society said. A survey for Nationwide also found that nearly three-quarters (74%) of people across the UK are worrying about the rising cost of living and a quarter (25%) are uncomfortable about the state of their finances.
Areas where people expect rising living costs to bite include outgoings on energy bills, food and car costs, the survey found.
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