According to the Consumer Credit Counselling Service (CCCS), debt problems in the country are becoming more and more acceptable with every day that passes.
The group say that with student loans and mortgages becoming famously known as 'acceptable debt' there is a danger that the UK could slip into an even worse financial crisis.
A spokesperson for the group commented: "Once people are used to the idea of debt then its easier for them in the future, to take up credit cards and personal loans, because the stigma has already been removed by taking out student loans during university."