Scots 'most likely' to keep debts a secret
Scots 'most likely' to keep debts a secret
- Thursday, 25 June 2009People in Scotland are more likely than their southern counterparts to keep their debts a secret from their partners, new figures have revealed.
The study, conducted by the Guardian Financial Group, indicated that the average Scot owes £6,598 on credit cards and loans - and some 64 per cent of people in the country do not have a plan in place to pay this sum back.
Furthermore, the figures indicated that 79 per cent have kept their financial troubles to themselves rather than confiding in their partner.
Guardian Financial Group chief executive office Gary Forrest asserted that half of the people struggling with debts are "actively worried" about their finances and many are losing sleep because of this.
According to UK debt charity Credit Action, an increasing number of people may need to seek
debt management solutions by the end of the year. It suggested that some 331 people per day become insolvent or enter into an individual voluntary arrangement.

Recent Debt Management Plan News
56% of Brits have no life insurance which could leave family with debt problems
Wed, 04 May 2011More than half of UK adults currently have no life insurance cover, which could mean their loved ones are left with
debt problems when they die...
Brits thinking about retirement advised to seek debt advice
Tue, 03 May 2011Consumers considering their retirement options have been advised to seek professional advice, as they may end up with
debt problems in the future...
Brits planning to attend a wedding should start saving to avoid debt problems
Thu, 28 Apr 2011Consumers concerned about getting into
credit card debt to pay to attend a wedding may want to use their savings instead...
Couples planning their big day can avoid debt problems by negotiating a cheap wedding
Wed, 27 Apr 2011Couples-to-be worried about needing
debt advice in the future after paying for a wedding can ensure they avoid accruing
debt problems by negotiating a cheap wedding...