Despite the Bank of England deciding against a further base rate increase, many experts are forecasting that this will only delay the inevitable.
The immediate decision is good news for homeowners, but some analysts argue that the next rate hike has merely been postponed.
The implications of a further rise in the base rate could well tip many people over the edge and into extreme financial danger. As a result it's expected the number of personal bankruptcies will rise further in 2007.