Thousands in Debt Don't Want Help

Nearly half a million people in the UK that face debt problems aren’t trying to seek help of advice for their predicament according to R3, the insolvency trade body.

Personally insolvency cases in the UK are going up and up and up and are now at record levels, however it seems there are still far more people out there in similar dire straits who aren’t seeking the advice they need to get out of it.

In a survey done to ascertain why, 44% of people in financial difficulty said they didn’t feel their problem was large enough for them to need help, whilst 25% thought it was simply a short term problem and would sort itself out soon enough.

Also, one in five people simply chose to ignore the problem in order to keep it out of their minds as it was easier to carry on that way.

This goes to show, that the current increasing debt problem in the country is even worse than figures are suggesting.

Posted at 09:00AM Jul 25, 2010 by Marc Stenton in Finance7 Company News  |  Comments[0]