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February 2007
Female Shopaholics Face Debt Crisis

Female shopoaholics are facing a debt crisis as reported on 27th February.

Many shopaholics have an average personal shopping debt of more than £8000 contributing to a collective debt of £61.96 million. It is reported that credit care debt aongst British women as a whole has now topped £11 billion with unsecured loans for this group reaching £20 billion.

Unfortunately in today's celebrity obsessed society, where women are desperate to copy the lifestyles and shopping habits of the celebrities it is not surprising that women are more interested in becoming a size zero than 0% APR. Many already have an overdraft facility which they rely on every month with total overdraft debt amongst women in the UK reaching approx. £4.6 billion.

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Artilce referenced from http://www.financedaily.co.uk/showNews.aspx?loadID=00322

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