Nearly one in five people in the UK have amassed debts of more than £10,000 on credit cards, loans, overdrafts and hire purchase agreements, a survey showed today.


An estimated eight million people owe a five-figure sum, according to debt solutions firm Thomas Charles.


More than half of those people had at least three cards, while three per cent had more than ten.



Just over a fifth of people said they owed between £5000 and £10,000.


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