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An increasing number of people are trying to get to grips with their debt management by paying off what they have borrowed, a claim suggests.

Debt management steps might be being made because individuals are worried about losing their job but still having to meet their financial commitments, Equifax says.

More people are also turning to debit cards in an attempt to reduce the balance of their credit cards and to get debt management more in shape.

Commenting on this debt management tactic, Neil Munroe, external affairs director at Equifax, states: "People are moving to using what they know they have, rather than borrowing on the basis that they have to pay it back later."

Despite this, the latest debt management report from Credit Action reveals that total lending in March grew by £0.9 billion.

And consumer credit lending rose by £0.1 billion.

Debt management in still a problem for many UK households although clearing balances now, in case unemployment occurs, could be a wise move for individuals to make.

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