According to the BBC, the first debt obligations arise in connection with entering university, then debts relentlessly pursue many UK residents throughout their lives. According to the survey, 29% of respondents cited credit cards as the main reason for their debts. In addition, 25% of respondents said that entering college forced them to borrow money. 16% of those surveyed said they went into debt because it was very easy to get a loan. About 12% explained their debts by high household expenses. And another 7% reported that their debt began to grow as a result of failing to make timely payments on their loans.
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