Consumers have been warned that overspending can be a “slippery slope” to bankruptcy.
Personal finance writer Cliff D’Arcy stated that people who do not attempt to curb their expenditure will simply build up
“When you start seeing your
People who find it difficult to control their spending and end up not being able to meet their
However, the worst possible scenario would be insolvency or bankruptcy, Mr D’Arcy concluded.
Money education charity Credit Action reports that UK personal debt reached £1,430 billion at the end of March, an 8.7 per cent increase during the previous 12 months.
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