UK residents over the age of 60 are proving to be in need of help with management of debt according to recent statistics.
Data compiled by debt charity Credit Action has exposed that a quarter of people in the over 60 age group still have an average of £31,000 of outstanding mortgage debt per head.
As the cost of living increases, people of pension age are being forced into further debt. The Consumer Credit Counselling Service commented that the number of over 60s with money worries grew faster than those of any other age group in 2006.