Insolvency director at Debt Free Direct Derek Oakley suggests that consumers should be made more aware of the kind of debt advice available to them and stop trying to ignore the reality of their financial circumstance.
“There’s a lot of places out there where people can get help and as soon as they start talking about it and acknowledging they’ve got a problem, they’ll start dealing with it,” said Mr Oakley.
“It’s the denial that is the problem,” he made clear.
Mr Oakley did go on to say that more and more people throughout the UK are turning to the sources of advice on becoming debt free which are increasingly available.
According to a study from Engage Mutual, financial constraints are impacting on millions of the UK’s single parents more acutely than married parents.