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Finance News - Shakespeare Finance
Finance News From Shakespeare Finance

Personal insolvency has reached a record high
friday, 21 July 2006
With personal debt touching £1.1 trillion, personal insolvency in the UK has reached a record high. Financial advice company, Seeing Red came out with this fact when they were analysing the typical behaviour of people heading towards serious financial crisis.

While analysing the behaviour and stand out characteristics of a person getting into serious financial problem, Seeing Red has come out with an alarming fact. Personal insolvency in the UK has reached record high, as found by the financial advice company. The amount of personal debts in the UK has reached £1.1 trillion.

The company revealed that there are nine signs, which indicates that an individual is in debt. Avoiding official mail and losing sleep are two of these signs. Other such signs are repaying minimum on credit cards, missing mortgage repayments, telling lies about money.

Seeing Red's Sue Cox told that debt was a psychological problem as it was a financial one. She also assured that there were a lot of help available, depending on the size of the debt problem people were experiencing.

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