- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Britons are not seeking advice on how to get themselves out of debt as they do not feel their problems are big enough to ask for help, according to a new report.
Homeowners who are in debt could use the value of their property to pay off large amounts by taking out an equity release scheme, which would give them a tax-free cash lump sum.
Insolvency trade body R3 has revealed that 44 per cent of debtors are suffering in silence in the belief that they do not need help.
The organisation's president Steven Law, said: "It is worrying that individuals are not seeking professional advice at the first signs of financial difficulty because they don't think their problems are severe enough.
"While it may be the case that these problems are resolved without help, there is a risk that they might snowball out of control. Professional advice does not mean immediate bankruptcy. It could simply result in advice on budgeting."