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In recent surveys 4,359 UK parents say how costly childcare fees have placed them in debt.

In 2012, it is quite possible that average debts for UK students will reach an all time high, double the average debt in 2011.

A BBC investigation has uncovered some unsavoury practices in the debt management industry, including some companies holding the money they receive from clients instead of paying creditors.

The Office of Fair Trading (OFT) has closed down four companies that misled people in debt

According to a Freedom of Information request, the sum of the twenty largest student loan debts tops £1 million, with the largest student loan of all at £66,150.

The Financial Ombudsman Service (FOS) reports an increase of 25% since last spring in regards to complaints against debt management companies

Figures show that bankruptcies among men are on the rise at a higher rate than those among women; however, men seek help with their debts less often.

R3, the Association of Business Recovery Professionals, estimates that there are 961,000 UK residents struggling with debt.

Recently released survey data shows that almost half of UK households are concerned about their debt levels, with a majority expressing greater concern today than over the last two years.

According to the Bank of England, UK consumers paid back more unsecured debt than they borrowed in the month of August

According to the Markit UK Household Finance Index, savings are still low as consumers focus on paying down debts amongst concerns regarding economic difficulties ahead.

Those facing financial difficulties often turn to debt management companies in a desperate attempt to seek help in determining how best to handle their debt.

The Office of Fair Trading has given 129 debt management companies three months to come into line after finding that some firms are overly focused on sales and even posing as charities.

Over the past several years, the government has proposed and implemented an array of projects supposedly intended to assist people in debt.

Research conducted for the Post Office by OnePoll shows that an astonishingly high number of UK residents hide the truth about their personal debt from their family members and loved ones.

According to experts, the average UK household will have to spend a full 15% of their net income just to cover the interest payments on their personal debt.

Average consumer debt and household debt in the UK continues to increase.

Bad debts have reached significant, historic highs and average borrowing has increased 5% per credit card, surpassing £1,000 for the first time ever.

According to the accountancy firm PricewaterhouseCoopers (PwC), 9% of all total outstanding debt balances will be made up out of credit card debt by the end of the year 2010.

Since May, the UK economy has drastically weakened, escalating Europe's debt crisis and fears of contracting in the US.

A recent survey shows that UK residents plan to cut Christmas spending this year; however, data also shows that billions will still be borrowed in order to pay holiday-related expenses.

More and more pensioners are being forced to unlock equity from their homes as a last resort option for paying off debts and other bills.

The widespread impact of the recession is still being seen throughout the UK as families struggle to manage the aftermath and regain their financial footing.

Several new rules and guidelines have recently come into play regarding consumers, credit and debt.

It is no secret that personal debt has been steadily increasing for over a decade and that the number of people going bankrupt or being declared insolvent has risen alongside it.