Don't hide from problems with debt 

Debt Advisory Centre Scotland advises anyone struggling with their money to take an honest and open approach to their problems - and to get professional advice if necessary

by Melanie  Taylor Wednesday, May 25, 2011
Debt Advisory Centre Scotland ( has advised anyone struggling with debt that honesty is the best policy when it comes to tackling financial problems.

The comments come after research by Bright Grey found that many families view money as a 'taboo' subject in the home. Money matters ranked third in a list of topics that families feel uncomfortable talking about; only sex and death are more unpopular areas of conversation.

But an expert at Debt Advisory Centre Scotland said that families who regularly discuss their finances may find it easier to work through their money problems.

"As the saying goes, a problem shared is a problem halved - and that can apply to money worries as much as anything else. If you're worried about the state of your finances, discussing the matter with family and friends could help you to get the problem out in the open and start working towards a solution.

"A lot of people who get into trouble with their money try to hide or ignore the problem, and tackle it alone - but this can often give the problem time to get worse. The best course of action is usually to be open about the problem, and if you're not sure how to rectify the situation, get expert advice.

"An expert debt adviser can offer help and guidance on a range of debt solutions, such as Trust Deeds and debt management plans, that can help struggling borrowers to get back on their feet and on the road to becoming debt-free."

Debt Advisory Centre Scotland provides debt help and advice to Scottish residents. It''s part of the Think Money Group, which is one of the UK''s leading financial solutions providers and delivers a comprehensive range of financial services, including debt, insurance and other financial solutions. Debt solutions are subject to conditions and acceptance. Your credit rating may be affected. Fees are payable if continuing services provided. Repaying debt over longer may increase the amount to be repaid. For more information, visit the Debt Advisory Centre Scotland website at Contact: Melanie Taylor Debt Advisory Centre Scotland Tel: 0845 056 6480

0    submitted by Melanie  Taylor
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