Brits Should Discuss Their Debt Problems with Others

A recent announcement made by Ms. Jasmine Birtles, founder of a website that helps to make money, Moneymagpie, suggests that Brits should talk about their debts instead of ignoring them.

Being open on such issues as credit card and personal loan debts, which basically caused the global credit crisis, might prove to be beneficial to consumers.

She is determined that talking about debts is healthier than ignoring them because people are more likely to make savings once they realise their importance. Moreover, as people talk about debts, they might expect to get support from friends, family or specialist debt management organisations.

The recent opinion poll carried out on uSwitch - UK-based comparison website - showed that 33% of Brits are not ashamed of debts, 18% are not ashamed of bankruptcy, whereas only 23% feel comfortable talking about debts.

Ms. Birtles recommended those who feel bad about discussing their financial problems use the available freephone numbers in order to talk about debts.