Paying off debts? Forget it ... Charity warns of 'dramatic' new surge in consumer borrowing

One of Britain's leading debt charities today warned of a 'dramatic' rise in consumer borrowing, driven by lending on mortgages. Credit Action, which promotes financial education, said a post-crisis phase of households paying down debt had ended and that 'aggressive upward trend' for average debt had 'established itself'. Most of the increase appears to be driven by mortgages, suggesting struggling families are increasingly dipping into the equity in their homes...Daily Mail