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Articles   >>   Debt should not be a dirty word

Debt should not be a dirty word

Saturday, February 20 , 2010
View the full story at: http://www.timesonline.co.uk/tol/money/borrowing/article7033786.ece

Emancipation is finally upon us. After much hard graft, today, Saturday, February 20, is Debt Freedom Day. But before anyone gets too excited, I’d better explain.

Sadly, Debt Freedom Day does not mean that you never have to worry about your credit card or mortgage ever again. Today is simply the point in the year at which we have, on average, earned enough money to pay off the annual interest on our personal debts, according to Unbiased.co.uk, the financial advice website. And that is without repaying any of the capital.


View the full story at: http://www.timesonline.co.uk/tol/money/borrowing/article7033786.ece

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