UK borrowers need to acknowledge the fact that they are responsible for their own indebtedness.

Such is the opinion of the British Bankers' Association (BBA), which has denied assertions that the breakdown of the traditional consumer-bank manager relationship is to blame for higher levels of debt.

Furthermore, the banking organisation points out that 40 per cent of lending is on store cards and other borrowing vehicles rather than personal loans or alternative bank services.

Lesley McLeod, spokesperson for the BBA, said: "Customers have a responsibility to keep track of their money themselves. It's not lack of information about their financial position that is causing people to get into debt."

She continued by saying that BBA members were willing to talk through their clients' problems, providing help with money advice, but that they should not be seen as a "nanny facility".

However, those who are prepared to address their borrowing problems might like to consider a debt consolidation loan to make their financial situation more manageable.

A recent survey from Lloyds TSB, meanwhile, has established that 50 per cent of the British public have not visited their bank manager in the last ten years.ADNFCR-1287-ID-18391443-ADNFCR

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