Released on = June 4, 2007, 3:10 am

Press Release Author = Gracy

Industry = Financial

Press Release Summary = Studies show that maximum Britishers do not pay heed to
potential personal finances problem while going on vacations.

Press Release Body = 1st June, 2007: recent research shows that a lot of Britishers
fall into debts while going for vacations. Figures from credit reference agency,
Credit Expert point out that 18 per cent of people are not aware about the
implications of the total cost of their holiday expenses. Therefore, nearly 12
million British consumers are in the debt pool in the end of 2006.

The spending and borrowing attitude reflects a particular age group. According to
the research, the younger generations consisting of young adults from 25 to 34 years
of age are more likely to splurge during their vacation without worrying about their
personal financial issues.

\"It\'s worrying that, as a nation, many of us have a \'me now, debt later\' attitude to
our finances...it\'s important that we plan ahead and ensure our bank balance can
handle the large outgoings that holidays and other expenses entail,\" Says Jim
Hodgins of Credit Expert.

And, that's not the only reason fro worry; figures compiled by Credit Action show
that every four minutes, there is a £1 million increase in the overall personal debt
level in the UK.

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Web Site = http://www.loans-bazaar.co.uk

Contact Details = United Kingdom