Press Release Summary = Research shows that many individuals tend to plan a holiday trip before clearing their existing debts from previous holiday trips.
Press Release Body = London (loans-park.co.uk) July 16, 2007: Around 4.2 million UK individuals burden their financial conditions by adding more debts due to holidays without bothering to liberate their earlier outstanding, according to a new survey from a leading financial provider.
Around 25 per cent British holidaymakers accepted that they overspend on holidays, and 20 per cent shifted their expenses on credit cards without planning on repayments.
Financial experts are of the view that although it is easy to get carried away with the holiday spirit, holiday makers should not run the risk of turning their dream vacation into a financial nightmare.
To tackle with the increasing personal debt issues, British holidaymakers avail financial help (Secured loans) to overcome their debts.
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