How overspending can hurt your credit rating

More than half of people in the UK are living beyond their means. Research at the end of last year found that on average we overspend by £150 a month. There are a host of reasons behind this, but what many of us don't realise is that even before the level of debt we are building up starts to become a problem, we have caused serious damage to our credit rating.

So just how serious is the problem?%VIRTUAL-SkimlinksPromo%