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What's your debt age?

Posted on 08 Jul 2014 by Mat Gazeley

Did you know that the average Briton has £4.5k of credit card debts? These debts can take up to 17 years to pay off, but most of us aren’t aware of our true ‘debt age’.

Our latest research found that Brits are sticking their heads in the sand over their debt, with unrealistic expectations about the years it will take become debt free.

To highlight the debt age crisis, we created a video to show credit card holders the long-term effect of their borrowing. Using prosthetics and make-up, credit card users were made to look the age they will be when their current credit card debt has finally been cleared.

Do you know your debt age?

You can calculate your own debt age using our credit card debt calculator.

For information about how to get debt free please visit Zopa.com/loans

Category: Borrowing
Tags: research, credit cards

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