Pet owners worry about vet debts

A fifth of cat and dog owners would risk falling into debt if they had to pay a significant vet's bill, research has found.

A survey from gocompare.com found that 60 per cent do not have insurance to cover treatment of their sick or injured pets.

Indeed, if faced with a bill of more than £500, fifteen per cent would be forced to use their credit card or take out a loan in order to pay.

The study also revealed that cat and dog owners spend almost £700 on their pets each year.

Kevin Still, director at Atlantic, warned that "it is not just vet bills, but any unexpected or sizeable expenditure that can upset your monthly budget".

"Debt problems occur when you are forced to use a credit card or borrow money to cover similar expenses like car servicing, household repairs and school trips."

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