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The debt spiral

Duration: 04:29

Adina Campbell investigates debt, including how easy it is to get into by using store cards and credit cards. She meets 21-year-old Karen, who ran up a large debt on her store card, after a £120 purchase soared to a £200 debt due to interest and bank charges. Finance expert Iona Bain explains how store cards work and what to do if you have debt problems.

Available since: Mon 21 Jan 2013

This clip is from

Made of Money

Radio 1 Newsbeat journalist Adina Campbell helps young people take control of their cash.

First broadcast: 18 Jan 2013

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