Personal loans 'should not be kept secret'
www.moneynews.co.uk > Loans > Personal loans 'should not be kept secret'
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Money News |
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Personal loans 'should not be kept secret'
Tue 5th Feb 2008
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A spokesperson for the CCCS said that "many people" do not tell their partners that they have taken out a loan or have accumulated debt.
However, he recommended that financial issues be shared with loved ones, as not doing so could lead to stress and unhappiness.
"There's a lot of stress associated with keeping a serious debt problem secret and by sharing the problem that stress is relieved somewhat," he explained, suggesting that "a problem shared is a problem halved".
Recent research by Abbey Loans revealed that up to 1.35 million unsecured personal loans taken out by Britons have been kept a secret from partners and family.
Abbey Loans estimated that the value of these hidden loans was around £7.7 billion.
Related News : Loans |
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