The Waltham Forest Guardian is reporting that people living in ‘E’ postcodes such as Walthamstow, Leyton and Leytonstone are ranked by the survey as having the worst debt status in the country.

Callcredit, a credit reference agency, assessed the debt status of 124 UK regions, ranking E1 as the worst, followed by Uxbridge, South East London and Liverpool.

The news follows warnings from Waltham Forest Liberal Democrats that house prices have fallen more sharply in Waltham Forest than anywhere else in London and reports that London will suffer a higher net percentage of job losses in the recession than the rest of England.

Earlier this year Liberal Democrats Treasury spokesman Vince Cable warned about the problems of excessive personal borrowing.

He said:

“There is a real complacency about the extent to which millions of people are getting out of their depth with mortgages and unsecured borrowing.”

Residents with concerns about their levels of debt can contact their local Liberal Democrat team for guidance about who can help.