Latest Debt News
Brits avoid financial help from pros
02/02/2006 18:15:00
A reluctance among Brits to seek professional advice over finances could explain why so many people end up struggling with debt problems.
A new survey from Alliance & Leicester shows that just 29 per cent of people in the UK seek the advice of an expert, preferring to turn to others instead.
Some 16 million people would rather confide in a partner, while eight million would turn to a friend.
There are also two million who would use the internet for financial advice, as they would regard it as a less embarrassing option than seeing someone face-to-face.
Lindsey Henson, investment and protection product manager at Alliance & Leicester, said: "It's natural that people should turn to those closest to them for general advice on life, however it is concerning that they are not turning to the experts for more serious matters such as health and major financial decisions.
"When it comes to our finances, whilst a chat with our partners can help vent any worries and explore our plans, it cannot compare with a structured discussion with a qualified financial adviser."
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