(1888PressRelease)
April 01, 2007 - Many British women have become dependent on unsecured finance in order to fund their spendaholic ways. This was revealed by a research carried out by a reputed price comparison and switching firm in the UK.
British women have unsecured loans amounting to a whopping twenty billion pounds. These are besides the four and a half billion pounds outstanding on their overdraft facilities. Unsecured loans up to £25,000 are available in the UK. You may even get as small as £250 in the form of unsecured loans. This makes it easy for the customers to get unsecured loans for varying purposes.
The research further showed that spendthrift women in the UK were using different forms of unsecured finance to fund their shopping sprees. More than seventy percent of women were using overdrafts, unsecured loans, credit cards and store cards to enable them go on shopping sprees.
The research also showed that these shopaholics were taking up to a year to repay their debts rather than trying to clear them straight away.
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