MANCHESTER, England, Aug. 5 /PRNewswire/ -- Experts at debt management company, MoneySolve, say that figures highlighted by research carried out by OnePoll for the Post Office are 'no surprise.'
The statistics show that a third of us are hiding the full extent of our financial woes a secret from the people closest to us. The average personal debt in the UK, exclusive of mortgages, is 9,732.51 pounds but many only admit to owing half of their true debts when discussing them with friends or family! Taking into account the amount of debt people lie about and the number of people who do lie about it, the research calculates that this means the UK has a 'secret personal debt' total of 55 billion pounds!
Experts at MoneySolve remain unsurprised by this information, commenting that; "We have known for a long time that debt is something of a taboo issue. People just feel uncomfortable owning up to owing lots of money, which explains why so many try to hide some or all of their debts from a partner or from their family. The problem this creates is that these people may feel that they can't actively seek the help they need for fear that those closest to them will find out about the true extent of their debts."
The specialist advisors with MoneySolve, who help consumers to resolve and/or consolidate debt, believe that this in turn can worsen the issue, advising that; "Ignoring debt is arguably the worst way to deal with it. Burying your head in the sand won't make it go away. Free, professional and confidential advice is available and finding out exactly what options are available to you is the first step on the road to resolving your financial issues."
If you are seeking advice on your personal debts, contact MoneySolve on 0800 040 7046.
SOURCE MoneySolve
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