Survey shows rising number of people taking out a loan to buy a bike

Lloyds Bank survey shows one in five have taken out a loan, while a quarter of those have used the money to buy a bike or car

With cycling still booming in the UK, a survey by Lloyds Bank has discovered that more people are getting into debt to buy a bike.

Cyclists young and old want to mimic their idols, which often means shelling out a lot of cash for a new ride, with ever-more expensive products hitting the market.

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