A massive rise in the number of female bankrupts has been fuelled by the number of women who want to live the lavish lifestyle of a footballer’s wife - they want to enjoy the wardrobe, beauty treatments, cars and holidays as publicised by our football team’s wives and girlfriends.

One of the biggest problems is that instead of adjusting their standard of living, may women constantly move their debts from one credit card to another, continuing to live beyond their means by running up fresh credit card bills to fund expenditure such as holidays or eating out. 

Research has shown that the number of female bankrupts has soared over the last few years and it is predicted that women will soon account for more than half of all the bankrupts for the first time since records began.  EuroDebt can help you avoid bankruptcy by arranging a repayment plan acceptable to your creditors and yourself.

Keeping up with the lifestyle of the WAGs is an expensive business, most women aspiring to this lifestyle earn less in a year than many top footballers do in a week. The research follows shocking figures that Britain is running out of credit after years of spending and not saving.  In 2001, just under 48,000 people were recorded as solving their debt problems either by bankruptcy, IVA or a debt management plan but by the end of 2006 the predicted figure is 171,500.

Back to Main News Page