Bankruptcy a result of thoughtless borrowing

People in the UK who are borrowing irresponsibly against their homes are putting themselves at massive risk of personal bankruptcy it has been reported.

Financial comparison site MoneySupermarket have reported soaring profits in the face of consumers piling up debts and needing loans to dig them out.

A spokesperson for the company, warned consumers to stop putting their homes at risk by taking out loans which are secured against their property, in much the same way as a mortgage.