Britons could be set to see pressure on their finances is increasing, according to the publication of new figures.

In a study released by Vocalink, the average amount of money taken home by consumers between July and August was reported to have stayed consistent. However, with the company pointing out that mortgage repayments are taking up an ever higher proportion of consumers' take home wages, it was suggested that the latest figures are set to have a negative impact on people's propensity to spend money. As a result, this could well impact upon their ability to service other financial requirements such as paying utility bills and making repayments on credit cards and personal loans.

Commenting on the figures, Richard Cooper, head of marketing and communications for the company, said: "The VocaLink take home pay index remains unchanged from last month. With the recent announcement that mortgage payments make up the biggest share of take home pay for 17 years, this will further squeeze consumers' spending power."

Douglas McWilliams, chief executive of the Centre for Economics and Business Research - the economics consultancy which analyses the take home pay index for Vocalink - added: "It is likely that mortgage and loan rates will increase and lending conditions will become stricter. In addition, the negative impact on corporate sector profits are likely to be reflected in low take home pay growth."

Research from the company also revealed that certain areas of the working population may be due to encounter further problems in being able to organise their money and pay off loans as they face a marked fall in their level of take home-pay. Although the sub-index for people working within the services sector increased from 2.9 per cent in July to 3.3 per cent in August, VocaLink reported that general growth "has weakened significantly". In February the index stood at 4.9 per cent - however in the following six months this has fallen by 1.6 per cent.

Meanwhile, those Britons working in the manufacturing sector could be set for a particular rise in difficulties handling their finances, as a VocaLink sub-index showed that the proportion of take home pay for people working in the industry fell to four per cent last month. Previously standing at 4.5 per cent in July, the index was shown to have fallen for the second consecutive month as it posted figures of 4.8 per cent in June.

As a result, those struggling with ever-increasing pressure on their finances may wish to consider opting for a bad credit loan. The news follows research published earlier this year by MoneyExpert which revealed that 2.8 million consumers have been refused a credit card as a result of a recent rise in the level of bad debts. Sean Gardner, chief executive for the financial services firm, claimed that those looking to take out another credit card as "an easy way" of getting out of debt problems are "liable to find that they'll be turned down", as subsequently bad credit loans could be a viable way for them to get back on their feet.