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Loan repayments: Millions of Brits missed payments in 2010

Around eight million Brits missed payments last year, with credit card repayments being the most avoided bill.

Research by moneysupermarket.com, a price comparison website, found that one in six people in the UK failed to pay at least one bill last year.

Findings revealed that four million Brits missed credit card bill repayments, with Londoners being the worst offenders, with 11 per cent admitting to missing credit card payments.

Kevin Mountford, head of banking at moneysupermarket.com, said: "There is still a huge section of the UK population seriously damaging their credit profiles by missing payments.

"Avoiding paying a bill might not seem like a big deal, but the consequences can be far reaching for your credit rating and can have a knock-on effect when applying for a new card, mortgage or securing any kind of credit."

Other than credit cards, UK consumers also missed payments for council tax, electricity and mobile phone bills, with 1.5 million failing to pay one of these in the past year.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.
 ADNFCR-2776-ID-800394317-ADNFCR



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