It shouldn’t come as a surprise that a large number of the UK citizens have debts on personal loans and credit cards and many of them feel bad and embarrassed about their financial plight.

Even if someone is totally free of any debts, their partner may well hide the information about their personal loan or credit card debts. Even though this statement might seem absolutely ridiculous, in reality one in five people in the UK are not telling their relatives and friends about the actual amount of debt they have.

According to a new data from the Post Office, about 21 % of the UK citizens are not revealing the extent of their personal debt to their partners, and more than 30% are hiding how much they owe from their family.

Furthermore, the study revealed that the average UK consumer had about £9,731 worth of personal loan and card debt. However, they confessed to having only half this amount to their partners.

Naturally, this is resulting in health problems for a large number of these consumers. 43% of respondents admitted to having sleep disorders and nearly a further third mentioned increased stress levels and mood fluctuations, which were ruining their relationship.

Donna Dawson, a Psychologist specialising in relationships commented that although concealing the truth about the amount of debt from a partner may lull us into a false sense of control or independence, it causes our mental and physical suffering. According to her professional advice, it is much better to be open and honest with a partner from the start to avoid negative consequences later.


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The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.