I've checked, and it does include mortgages. Which makes the figure slightly better, but there's still a lot of unsecured debt out there. I'll try and find out the number excluding mortgages.
Yeah - if I had the ammount I've got left on my morgage as "debt" I'd consider myself really really f*cked. But while it's on the house - shrug - I consider my self "debt free"...... So it's a very different sort of debt.
Don't get me wrong - you can be buggered sideways via your morgage just as much as anything else. Especially if your unemployed and your morgage is not being covered - that way lies badness.....
Especially if your unemployed and your morgage is not being covered
As has happened to a friend recently. They had paid all their mortgage cover premiums, but when made redundant they were told they weren't covered because they were on a disability related benefit and not seeking work (even though they are).
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branchandroot
no subject
Date: 2011-01-17 03:35 pm (UTC)no subject
Date: 2011-01-17 04:12 pm (UTC)Don't get me wrong - you can be buggered sideways via your morgage just as much as anything else. Especially if your unemployed and your morgage is not being covered - that way lies badness.....
no subject
Date: 2011-01-17 04:41 pm (UTC)As has happened to a friend recently. They had paid all their mortgage cover premiums, but when made redundant they were told they weren't covered because they were on a disability related benefit and not seeking work (even though they are).