North East of England Wrongly Perceived as Most Debt-Ridden Region Bradenton Herald

16.07.11

According to the Debt Perceptions Survey 2011, 22 per cent of the public perceive the North East as having the highest levels of debt in the UK and most at risk of bankruptcy , but Payplan found that in reality just 4.9 per cent of their debt management customers in 2011 came from the area.

In contrast, the South East of England was viewed by the public as being an unlikely location for debt problems, with just eight per cent of respondents in the survey naming it as the top region for debt. But 13.7 per cent of Payplan's customers originated from the South East in 2011 - more than any other UK region.

Results also show that respondents believe that Londoners are next in line to the North East when it comes to struggling with debt, with 19 per cent of respondents naming the capital as the number one debt location. The reality is that Londoners make up around the same proportion of Payplan's customers as people from the North West of England - around 12 per cent.

In terms of housing status in relation to debt problems, 50 per cent of respondents in the survey said that the UK's renting population would be the ones laden with the most debt, while a slightly lower 45 per cent of respondents guessed that the problem would lie predominantly with homeowners.

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