e, responsible debt is not necessarily a bad thing. Borrowing money is a part of life, and everyone, from kids in the school yard to multinaThe belief that the UK is “drowning in debt” is a commonly raised one, and certain sections of the media like to portray personal debt as (among many other things) a measure of moral decline. Almost certainly, however, the journalists and presenters forwarding this idea have at least one form of debt themselves, be it a mortgage, a credit card or a hire purchase agreement. In addition, the interest paid on debts and the fact that goods can be purchased more easily are important parts of the UK’s economy. The emphasis of the story should be that manageable, responsible debt is not necessarily a bad thing. Borrowing money is a part of life, and everyone, from kids in the school yard to multinamong many other things) a measure of moral decline. Almost certainly, however, the journalists and presenters forwarding this idea have at least one form of debt themselves, be it a mortgage, a credit card or a hire purchase agreement. In addition, the interest paid on debts and the fact that goods can be purchased more easily are important parts of the UK’s economy. The emphasis of the story should be that manageable, responsible debt is not necessarily a bad thing. Borrowing money is a part of life, and everyone, from kids in the school yard to multinaeast one form of debt themselves, be it a mortgage, a credit card or a hire purchase agreement. In addition, the interest paid on debts and the fact that goods can be purchased more easily are important parts of the UK’s economy. The emphasis of the story should be that manageable, responsible debt is not necessarily a bad thing. Borrowing money is a part of life, and everyone, from kids in the school yard to multinathe fact that goods can be purchased more easily are important parts of the UK’s economy. The emphasis of the story should be that manageable, responsible debt is not necessarily a bad thing. Borrowing money is a part of life, and everyone, from kids in the school yard to multinae, responsible debt is not necessarily a bad thing. Borrowing money is a part of life, and everyone, from kids in the school yard to multinational corporations, does it.

Without doubt, some people get themselves into trouble by overstretching their borrowing. It’s easy to sneer and say they only have themselves to blame, but often it is external circumstances that force a debt to become a problem, and it should not be forgotten that the families of badly indebted suffer just as much as the principal victim. There is a question to be asked of both the lending companies and the regulating authorities if the situation really is getting worse.

So there’s a balance to be made when bor