An increasing number of women in their 20s are now entangled in big debt crisis.

A study suggested that many run up debts in anticipation of their next pay packets.

Usually, they rely on expensive payday loans with huge interest rates.

While I find this report interesting I am forced to ask why women?

But the report comes from a firm of no less standing than Callcredit, corroborated by another survey by Equifax.

While, it may seem that it’s just young women that are in serious trouble with debt, either on credit cards or other sources, the truth is that every age group or gender is implicated.