Many UK consumers are making poor financial decisions, which is only adding to their debt problems according to uSwitch.com.
The group have reported that getting finance deals from shops or showrooms can add massive amounts of interest to products which makes their overall cost staggeringly larger.
Research from uSwitch shows that consumers who choose an ‘over priced credit deal’ from a car showroom instead of a personal loan will pay an additional £1,200 in interest payments.