Finanical Choices UK reminded us that today is Debt Freedom day in the United Kingdom.
It takes the average earner 35 days to pay off the £2,350 average level of interest on credit cards and loans.
That makes Monday February 6th 'Debt Freedom Day', IFA Promotion reveals.
Although Debt Freedom Day falls four days earlier this year, as a result of the number of credit cards and personal loans held by UK residents falling from 62.3 million to 59.4 million, it still takes over a month for the average UK consumer to pay off the interest on their debts.
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