The effects of the financial crisis continue to weigh on consumers' minds, with almost 19 million worried about the levels of their debt.
Four in ten (40%) UK adults are concerned about their personal debts, according to R3.
]he worst affected are the 6% of people that admitted they were extremely worried about their debts.
Another 7% said they were very worried, with 27% describing themselves as fairly worried
Of those that have concerns, the most common worry is credit card debts, with more than half (51%) struggling to make repayments on their balances.
A third of people worried about their current level of debt feel most anxious about the size of their overdraft, while almost one in five (19%) worry about their bank loans and mortgage repayments.
The worries over debt are eroding the savings habits of many, with more than 11 million people cutting down the amount they put aside.
This is because fears of redundancy, bill payments and the accrual of more debt have become far more common issues in recent years.
"It is alarming, but not surprising that so many people are worried about their debt. The research shows how debt has become a fact of adult life - starting with a student loan and eventually graduating to a mortgage, credit cards and loans," said R3's president, Steven Law.
"However, seeing debt as a way of life can lead to years of worries about financial stability. People who feel that they are struggling with personal debt should seek professional advice on managing their household budget early."
It is thought that up to one million people are struggling with debt without any help.
Debt advice specialists such as the CCCS will offer free and impartial advice to those with debt problems.
It is also important to let your provider know if you are struggling financially.
They are likely to be sensitive to your problems, and you may be able to structure payment programmes that give you some breathing room with your debts.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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