People need to speak up about debt problems

Wed, 07 Mar 2012

Opening up about their could prove a wise move for people in the UK who are currently struggling with .

Robin Taylor, head of banking at The Co-operative Bank, has suggested individuals concerned about their monetary situation should try and talk to their lender before turning to other options such as .

The industry figure explained individuals need to be very clear about the details and consequences of such deals prior to putting pen to paper.

He stated: "I would always encourage people to talk to a regulated bank before doing things like that because they will be able to give you a little bit more expertise."

Customers who find themselves in difficulties might therefore wish to research the options available before committing to any agreement that could come back to haunt them at a later date.

Mr Taylor was speaking after new figures from The Co-operative Group revealed 70 per cent of Britons have experienced financial trouble, with one-third of those questioned admitting to suffering from 'debtpression' at one time or another.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.