13 August 2009
According to research by Sainsbury`s Finance, nearly one in five people in debt are hiding the full extent of their financial problems from their partners, The Press Association reports.
The research found that around 19% of those questioned who have `money problems` and are in a relationship are keeping some debt secret from their other half, while 8% of their sample confessed they often fail to pay bills on time.
Head of Sainsbury`s Money Matters - a new website offering tips to help people manage their finances more successfully - Karen Horsburgh, commented that if someone is struggling with debt, then the best course of action is to "tackle any financial concerns head on and seek advice on how to start rectifying the situation."
A debt expert for Think Money commented: "Although being in debt can be a stressful time for anyone, it`s important to realise that there are ways out. In general, it`s much better for people with debt problems to face up to the issues, rather than hiding from them."
Answer a few simple questions and we'll give you an instant recommendation on your best way out of debt.
Your privacy is important to us. All correspondence is held in the strictest of confidence and we will only request information required to find your best debt solution.Tags: money problems, debt, secret debt, secret debts, Sainsburys, Sainsburys Money Matters, money
Concern over energy debt 28 July 2010
Base rate predictions and the cost of debt 27 July 2010
Debt: unauthorised overdrafts cost an average of 167% a year 26 July 2010
Scottish insolvencies see fall on last year 26 July 2010
Debt: surge in number of bankruptcies amongst women 26 July 2010
Fees payable when continuing service is provided. Repaying debt over a longer period may increase the total amount to be repaid. Calls are recorded and are usually free from UK landlines. Mobile phone users may be charged and should check with their service provider.
Call our freephone number for expert advice
Think Money Limited © 2010. All rights reserved. Pennington House, Carolina Way, South Langworthy Road, Salford Quays M50 2ZY. Company Reg No: 04926097. Registered in England and Wales.