Searches for debt consolidation loans jumped by 29% in January compared to the same month last year, according to credit information company Experian.
The increase in searches on Experians marketplace suggests some people are looking for ways to make their debt repayments more affordable and/or simplify their repayments by bringing their debts together.
Just over a fifth (21%) of debt consolidation loan searches on Experian relate to people in their 30s.
It also recorded jumps in people in their 40s and 50s looking for such loans.
James Jones, head of consumer affairs at Experian, said: Our data suggests that people are looking at ways to take control of their finances and ease the squeeze on their purse strings.
Those aged 40 to 60 in…
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