Men more likely to hold onto debt, suggests the MarketPlace

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Contrary to jokes about women and spending, new research suggests men are more likely to need to rein in their debts.

NOP research conducted on behalf of Bradford & Bingley’s the MarketPlace suggests over one quarter (26%) of men questioned are worried about the amount of debt they hold, compared with 17% of women. One third of men (33%) have admitted to making the odd purchases on the0ir store or credit cards AFTER they have consolidated their debts, compared with 28% of women. At least 6% of men and just 1% of women also admit to continuing to spend a lot on their credit and store cards after consolidating debts into a personal loan. However, further study of the responses given by 967 adults su...

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