Shopoholic Brits getting deeper in debt

Mrs Robinson was responding to uSwitches’ own research which reveals that there are over 750,000 female Brits who spend half of their borrowed cash on fashion purchases in search of a retail thrill.

And with their levels of credit card debt mounting, many British women are paying the price for their love of shopping, uSwitch has revealed.

Ms Robinson remarked: “It’s not surprising that women are becoming more interested in size zero than zero per cent APR.

“Indebtedness because of shopaholicism is the result of easy accessibility to loans, credit cards and store cards and highlights the need for consumers to take some personal responsibility for managing their own financial situation.”

Last week, a spokesman for the online marketplace Zopa encouraged British consumers to put pressure on the country’s banking groups to change their practices.

track