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Three quarters of young people are in the red, helping to plunge the UK into a whopping one million pounds of debt every five minutes. Can spendthrift Rebecca Wilcox hold back the tidal wave of wanton spending and stem the credit epidemic?
She soon realises that the credit and store cards companies aren't going to help her, as she unravels the tactics of the billion pound industry. Determined to turn the tables Rebecca becomes the bank's worst nightmare by exploring the real cost of living on credit.
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What's your biggest spending vice?
Comments
Spolky,
Devon
2008-09-05
I enjoyed the programme, although I was shocked she burnt plastic cards at the end! This is a crime against the environment.
I was shocked when she gave her name and number to some shop assistant - only a uniformed police officer has the RIGHT to ask for such information, and even then there is no obligation to provide it.
Mike,
Cheshunt
2008-09-05
I finally took out a secure loan from my bank to pay off my credit card.
Though the interest is 8.2% I could not keep swapping back and forth to get the best deal and now I know that I do not have a credit card and in four-five years time, my earning potential would have increased and that my debt would have been paid off.
Fu,
Bournemouth
2008-09-05
My biggest spending vice is spending money on, stuff i don't even remeber spending it on. I'm currently working for a bankruptcy company, and you'd be surprised at how people are claiming bankruptcy younger and younger, it really is worrying. The UK is in so much trouble if young people can't control their spending, the show was a really good reminder for me.
Neil
2008-09-04
About time a programme showed how ridiculous people's attitudes are in this country to credit loans. Only spend what money you have, or go without!
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Rebecca, I have just watched your doc, and I have to say a women after my own heart. Highly entertaining.