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Debt Free Direct has said that the break down of unions is an important factor behind people's financial problems, which suggests that the majority are forced to get a debt consolidation loan following end of a divorce process.

The debt advisory agency has noted that people who are divorced are a third more prone to b...

The high divorce rate of current in Britain is really a key factor leading to rising quantities of debt, a brand new record stated recently.

Debt Free Direct has stated that the break up of unions is an important factor behind people's financial problems, which implies that most are forced to get a debt consolidation loan following the completion of a divorce procedure.

Your debt advisory organization has reported that those who are divorced are a third prone to be declared bankrupt. Of these divorcees, women are running the highest risk.

Ladies are 14 per cent more likely to handle economic damage and are 26 per cent less likely to qualify for bankruptcy can be prevented by an individual voluntary arrangement, which.

Major debts that are sustained by an ex partner are a major reason behind economic problems, despite a, with Debt Free Direct finding that an ex's excessive debts are an underlying issue in very nearly three in five bankruptcies in the UNITED KINGDOM.

On average, people in a relationship will accept obligations in joint names using their partner, never assuming that the relationship will end. But when it does the consequence of divorce or separation can seriously heighten the effect of your debt issue, spokesman Derek Oakley described.

Married or divorcing couples were advised by mr Oakley to simply take measures to safeguard themselves from poor people funds of the partner.

For instance, he explained, despite divorce, many couples still carry credit cards and / or shop cards in joint names.

After separation it is important to guide the credit card company to end the card. If you don't do this, you could well be pursued for payments on debts your ex companion has run up.

The report opposes prior assumptions that debt levels are increased with a growing consumerist culture and relaxed attitude towards credit. fairfax reckless driving

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