As more and more people are filing for personal bankruptcy in the UK, spending figures are still on the rise.
The spending habits of residents up and down the UK are reaching worrying levels according to new figures. Results of a survey conducted by CreditExpert.co.uk show that a vast amount of debt is being accumulated, not only through the rising cost of living, but through other factors, such as holidays.
According to the data, an incredible 12 million UK residents get themselves into debt in order to pay for holidays, while 27 per cent pay on credit (cards, loans or overdrafts).