MoneySolve Encourages Talking About Debt

MANCHESTER, England, August 5, 2010 - Debt advice specialists from MoneySolve have called for more of us to
talk more openly about our debt problems! The company, which specialises in
helping people in the UK to get out of debt (
www.moneysolve.co.uk/get-out-of-debt), believes this will encourage
more people to get help, commenting that:

"We're not saying everyone should stand on the street and shout about
their finances. But there is still a rather old fashioned stigma around debt
and, in particular, bankruptcy. This in turn makes people feel embarrassed
about their financial problems. We then find that some people are reluctant,
through shame or embarrassment, to seek help and even lie about the extent of
their money worries to loved ones. This can be very isolating and distressing
for the individual concerned and could have dire financial and personal
consequences."

A survey carried out in 2009 by Sainsbury's Finance seems to confirm that
people hide their debts from those closest to them, revealing that 18.5% of
those questioned admitted to hiding some form of debt from a spouse or
partner. MoneySolve's debt experts advise that this can actually worsen their
financial situation.

Ignoring a debt problem or trying to hide its very existence can actually
worsen the situation. MoneySolve encourages more openness when discussing
this topic and other financial matters in general , stating "Perhaps we can
remove the taboo element of debt and make those struggling with their
finances feel more comfortable in seeking assistance and hopefully feel
supported in their efforts to resolve their problems."

If you are seeking advice on your personal debts, contact MoneySolve on
0800-040-7046.

Contact Info: MoneySolve, Elizabeth Beesley, Astute House, Wilmslow Rd,
Handforth, Cheshire SK9 3HP, +44(0)1625-544789