Unsecured debt in the UK is most prevalent in UK women new studies reveal.
The average debt for women in the UK equates to around £520, with the total debt being around £19 billion mark. Women tend to run up debt on personal shopping sprees with the bulk being spent through credit cards, overdrafts and of course unsecured loans.
The average woman has a total unsecured loan debt of around £8,000, which is up by almost £7,000 with 2 thirds being spent on fashion and personal grooming.
The major change in trend seems to be leaning away from previous female issues such as weight concerns and is becoming more focused on debt.
