As the popularity of online shopping continues to grow at a fast pace in the UK, so does personal bankruptcy.
According to recent figures released by debt charity Credit Action, 300 people are becoming insolvent every day. With debt, and spending, at an all time high in the UK, various factors are being blamed, including online shopping.
With access to the internet becoming ever easier, the ability to shop from the comfort of your own home often becomes the most convenient choice. Data revealed by Verdict, a retail analyst, shows that online spending grew by 33.4 per cent in 2006 alone.