Relieve Your Debts!

The recession has done little to reduce consumer spending and personal debt, according to one survey which claims that more than £24bn of unsecured debt has been amassed during the economic downturn.

Comparison service uSwitch has claimed that “shopaholics” have been largely undeterred by the recession, with women amassing more than £13bn of personal debt compared to £10bn for men.

The website defines a recession shopaholic as someone who has built up more than half of their unsecured debt through fashion purchases – and while there are more female than male shopping addicts – about 4 million and 3 million respectively – men acquire a higher average personal debt of £3,425 compared with £3,353 for women.

Anne R

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