Money management not good enough for many

People in the UK are struggling more than ever to manage debt successfully, as they increase the number of bills and expenses they have to pay out.

Figures from Credit Action show that 64% of people run out of cash 5 day before they next get paid, meaning they always have to start the month repairing debt.

Even more worrying is the fact that a quarter of UK consumers have no idea how much money they spend on a weekly basis, meaning they can never really hope to manage their debt.