It could take you up to 93 years to repay your credit card debt, according to statistics from a debt help charity which takes into account the average level of credit card debt that many UK consumers are faced with when seeking debt advice.

Citizens Advice believe that our credit card debt is much higher than any other forms of unsecured debt and many of us have no way of paying the debt off. The average person who seeks debt advice owes almost £17,000, which is nearly 18 times more than their monthly household earnings.

Worryingly, nearly half of all homeowners who contacted were behind on their mortgage or secured loan repayments, meaning that they would also need help with mortgage arrears so that they can avoid losing their home to repossession.

Citizens Advice chief executive, David Harker, comments: “The reality is that they are condemned to a lifetime of poverty overshadowed by an inescapable burden of unpayable debt.”