The typical Briton has a
credit card debt of £1,747, it has been claimed.
According to a survey by lovemoney.com, the average
credit card
debt is accrued by spending on
clothes,
shoes, gadgets and furnishings.
Indeed, the survey claimed that a quarter of people used cards or
overdrafts for everyday needs like
petrol and food.
Furthermore, the average Briton owes £3,077 in loans for
cars,
weddings,
holidays and
house repairs, while a further £518 is owed on
bank overdrafts .
A spokesperson for the website described the results of the survey
as a shame but not a surprise.
It was way too easy to borrow in the boom and it'll be a
long time before we've all nursed our
finances back to good health, the spokesperson
added.
This follows recent claims that debit and
credit card spending was up last month compared to same period
a year ago.
The
Barclaycard Retail Card Spending Index found card spending to
have risen by 7.1 per cent.
