Two `most debt-ridden towns` named

Price comparison website Confused.com has named Chester-le-Street in Durham and Camberley in Surrey as `the most indebted towns in Britain`, according to The Times.

According to the research, residents of Chester-le-Street owe an average of £3,470.79 each on personal loans and hire purchase agreements. Camberley`s residents, meanwhile, owe an average of more than £2,000 each on credit cards.

Confused.com also calculated that on average, for every pound earned by Britons, they will owe a total of £1.02 in debt.

A spokesperson for debt management company Gregory Pennington said: "The truth about debt in the UK is that people from all areas and various walks of life are having difficulty as the recession continues.

"It`s important that anyone facing debt problems speaks to a professional debt adviser to discuss the best way of clearing their debts."

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Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.