It is safe to say that there are a great number of people who are simple way too proud to admit that they are having debt problems. Instead of asking for help before the problems become unmanageable, they simply suffer in silence. There is an old proverb which is usually misquoted, but the gist of it says that ‘pride goes before a fall.’ Many people are even so proud to say that they are having problems that they are eventually made bankrupt because of it.
With the state of affairs the economy is in at the moment, it doesn’t make much sense not to admit that you are having trouble paying your bills. Join the crowd. More than 75% of all consumers in the UK are experiencing some kind of debt issues because the economy is just that bad. What doesn’t make sense is the fact that so many people are reluctant to seek advice while it is still possible to make arrangements before losing everything they have worked so hard for.
One of the things which many people are not aware of is the fact that debt counseling is 100% confidential. Unless you give permission for a debt solution company to speak with creditors and release information, they are bound by law to hold what you say in strict confidence. In fact, they cannot even begin working on solutions for you until you give them the go-ahead. Advice should always be free and you should only be asked to pay upon contracting services. In other words, there is nothing a debt solution company can do without your prior approval.
The best advice anyone can offer is to seek debt counseling the moment you notice your bills are piling up. If you are reluctant to speak with your creditors then mediation through a debt solution organization is your best line of attack. The worst thing you can do is to be too proud to address the problem.