A new study has revealed that debt problems are having a ‘severe impact’ on people’s lives and can affect their health, job performance and relationships.

The survey, which was carried out by the Consumer Credit Counselling Service (CCCS), found that 83% of people who had sought out financial assistance said that their debt problems had has a negative impact on many aspects of their lives.

Relationships were the most affected area with more than one third saying that their relationship with their partner had been affected by debt worries, while a further 22% said that their financial problems had affected relationships with their children.

According to the research only 34% of people surveyed said that they had revealed the extent of their debt problems to their partner. 20% of people said they had spoken to friends about money worries while 16% talked things through with their parents.
However, one in ten people have suffered in silence with the main reason for keeping quiet was people being ashamed of their problems. Other

Read more…