"Money problems are the last social taboo" by Finance News Bulletin

Published: 19/12/07

Bankruptcy is "becoming more and more palatable" to those in serious money owing, according to Thomas CharlesThree-quarters of people in the UK do not appreciate how a one per cent difference in mortgage rates would have an effect on their loan, according to new researchA total of 22 per cent of adults feel at ease discussing their money or debt concerns with their most excellent friends, according to new researchAccording to an investigation by online store first direct, half of the Welsh population is unhappy chatting about monetary worries with their partners

The bank has stated that "money problems are the last communal taboo among friends and family in the UK", as less than one in four Brits will talk about their money, while more than half are content to talk about their health or careerIt was also found that those who have run into problems with loans or debt in the north of England are least at ease discussing their worries, but populace in London are most comfortable to talk about money concernsChris Pilling, chief decision-making of first direct, said that the bank has around 180 monetary councillors who can help customers with any problems"We make a point of understanding that most people may undergo financial difficulties at some point in their lives and it's totally nothing to be embarrassed of

"As an internet bank, first direct offers a figure of services including text message banking and

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