In a new survey by CreditExpert.co.uk, 12 million people from the UK will be flying off to the sun this summer to avoid the good old British weather despite falling in to debt as a result.
More than 25% of those surveyed admitted to using their credit cards, taking out a loan or ramping up their overdraft in order to 'catch some rays' whilst 6% said that they habitually go into the red to fund their holiday experiences. Indeed, 18% only checked the cost of the holiday when they got home having not kept a track whilst away.
Unfortunately, the debt will still have to be serviced and many will decide to take out a debt consolidation loan to make it easier to manage their repayments as a result.
For more information, hints, tips amd money-saving ideas, visit FeelGoodLoans.co.uk
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