Men `carrying more debt than women`

New research by moneysupermarket.com indicates that the average amount of personal debt - excluding mortgage debt - UK individuals are carrying is £8,431.

On average, men owe 24% more than women - £9,403 compared with £7,593. And men allow themselves to fall further into debt before they become worried about their finances, with the average `worry tipping point` being £12,018 compared with £7,547 for women.

While borrowers start to worry about their finances when the debt they`re carrying reaches £9,767, the research found that people only tend to seek paid professional advice when their debt reaches £19,478.

One in ten of those surveyed said they can only afford to make the minimum monthly repayments towards their debts.

Tim Moss, head of loans and debt at moneysupermarket.com said: "Whatever you do, burying your head in the sand is not an option, especially when there is a range of help available."



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