One in four ''worry about future debt repayments''

Debt concerns are worrying many Britons, it has been revealed.

Accountants PricewaterhouseCoopers (PwC) revealed in a new study that around one in four people think that they might not be able to meet their dept repayments at some point in the future.

Meanwhile, 16 per cent are having trouble with their payments at the moment – with the economic downturn hitting budgets up and down the country.

PwC also said that 14 per cent of those worried about their finances were planning to load up with still more debt, by borrowing extra to fund their Christmas celebrations.

"The survey shows that some people are still prepared to borrow despite the tough market conditions, rising unemployment, a depleted housing market and the increasing sense that they will be unable to repay debt in the future," Richard Thompson at PwC told the BBC.

"This clearly spells tough times for both consumers and credit companies alike."