Six signs you're caught in a debt spiral


Sometimes it can seem like there's no escape from temptations to get into (or further into) debt. You switch the telly on and – surprise! – yet another advert for sofas on interest-free credit. You check your emails and wince at the gaudy banner ads advertising payday loans as a quick and easy 'get-cash-now!' solution.

Little wonder then that many of us borrow a bit too much and swiftly find ourselves in over our head. We can fall into a pattern of borrowing more than intended, constantly playing catch up with more loans, more credit cards, and more digging into the overdraft. This is known as the 'debt spiral'.