More and more consumers who have debt problems are turning to unsecured credit in an attempt to get by.

PriceWaterhouseCoopers have found that more than one in four people are worried about their ability to repay debts in the future and so are turning to easy-accessible credit.

But the accounting specialist found that very few of the 16% already struggling to repay are considering how to deal with these debts.

One in five respondents in PWC’s credit confidence survey of nearly 4,000 people said they were worried about the shrinking availability of credit.

This is a bad habit that cannot be carried on. People who are in financial difficulty should never use personal loans and credit cards. It might be easy, and it might sort out problems in the short term, but it the long term it only makes matters worse.

Talk to an adviser if you are in trouble. They will give you real options and real possibilities that do not involve more debt. Only secured, safe debt can help you out trouble. Credit cards, store cards and loans will only make the hole deeper.

To keep up with the latest news and comments on current financial affairs please visit the Secured Loan Blog.

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