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Debt Advisory Service say that millions had to borrow to pay utility bills

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BillsThe Debt Advisory Service have found that 2.5 million consumers had to use credit cards, or take out loans to settle gas, electricity or water bills in July.

Eight percent of consumers aged between 25 -44 have been recorded as being the most likely to have borrowed money to clear utitlity bills.

Ian Williams, from the Debt Advisory Centre, said: “The fact that so many people are having to borrow to meet their utility bills during the summer – when heating bills are usually lower – could signal real trouble approaching this winter.

“Most of us need to borrow a little from time to time, but borrowing to pay for essentials such as food and utilities could be a sign that you are struggling financially.”

10% of consumers in the East Midlands, 9% in Northern Ireland and 8% in London were found to have used financial credit to have paid the bills.

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