According to new research, the number of people taking out personal loans in order to pay for private dental treatment has totalled more than £60 million in the last year and a half.
Figures compiled by Sainsbury's Loans found that because of the high cost of many dental procedures people were left with little option than to take out a loan.
The research found that nearly 7,000 people had taken advantage of an unsecured loan in order to fund their procedures, with the average spend on each loan being around £6,500.
A spokesman for Sainsbury's said that there has been a three fold increase in the amount of loans taken out to cover dental costs compared to 2007, which could well reflect a decline in disposable income due to the credit crunch.
Some dental treatments can cost a lot more than many people have in readily available funds, which is why loans have for some time been a popular way to finance treatments and spread the cost, said Steven Baillie from Sainsbury's.
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