Released on = July 23, 2007, 12:28 am

Press Release Author = Aisha Kacie

Industry = Financial

Press Release Summary = A recent research reveals that Britons have spent over £169
billion in useless buying using borrowed money

Press Release Body = London (online-unsecured-loans) July 19, 2007: Since credit
cards and unsecured loans are widely available in the UK financial market, many
Brits are wasting their money in senseless shopping.

A study from Abbey Savings shows that an average consumer has made pointless
purchasing worth £3,700 using credit cards and personal loans. People had bought
items like clothes, games consoles and gym equipment that were never taken out of
their boxes.
The study pointed out that around one-fourth of Britons own a piece of exercise
equipment and bicycle that are hardly bought to use.

The fact that credit is available so easily in the market makes people think seldom
before buying redundant items, using the credit cards and fast unsecured loans.

Reza Attar Zadeh, Abbey\'s Head of Savings, stated: \"It seems that the majority of
Brits aren\'t making their assets work hard enough for them. With 64% of UK adults
having bought a big ticket \'pointless purchase\', we\'d recommend that people consider
carefully where they are investing their hard earned cash.\"

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