One of the UK’s largest banking institutions has recently discovered that more than a ¼ of all its customers admit to delaying bill payments by around 3 weeks, with an additional half of all customers waiting until their creditors send a late payment prompt in the post, before they take action.

The institution also found that the vast majority of its customers state that the though of being in debt to their creditors, greatly increased personal stress levels.

However, around 8% of people were not concerned that their accounts were overdue and did not feel any more pressure to pay, when issued with a payment chaser.

A spokesperson for the organisation stated that although there are a percentage of people who simply do not care that they are in debt, the vast majority of people obviously do.

The general consensus suggests that people dread the prospect of receiving a chaser letter from their creditors, and the results also seem to prove that most people struggle to manage their personal finances, from time to time.

In other news, the government has recently announced its intention to inject an additional sum of money in to schools, as a means to fund personal finance classes. Such classes will almost certainly be used to combat situations, as detailed above.