Have you told anyone about your debt?

themaccas

No-one knows about our debt, not even our children although they know money is very tight and we are economising. That's just the way we have decided to deal with it and we are comfortable. But just as we don't tell people I am sure that others don't tell each other either and this became apparant today.

I would love to start my own business and a couple of months ago I was approached by a colleague at work and asked if I would be interested in setting up a private practice partnership with another colleague. Initially I was very keen, there would be minimal outlay and to begin with I could continue with my present job until the business took off enough for me to give it up. We were meant to get together this week for a meeting up to discuss the feasibility and put some ideas together but I can no longer attend as I am needed at work. I spoke to one my potential partners today to explain I could not attend and we had a long chat about our feelings towards the business and she told me that she would not be able to invest any money into it whatsoever as their finances were in dire straits and they had an IVA. I was really surprised, they were the last people on earth that I thought had financial problems, but I guess it is because most people, like me don't like to discuss their finances, my reason is that I am too ashamed. Too much pride:rolleyes:

lynzpower

the world and his wife know about my debt. I bore everyone to tears lol

Emmzi

My b/f and my best friend know. I couldn't cope all alone!

spud30

Just my hubby and you lot on here. Kids are a bit too young to understand.

With all this help, I dont need to tell any one else.

Imelda

The only person who knows is my OH (and even then he doesn't know an actual figure). My excuse for not going out/ buying new clothes is that I am short of cash as I am saving up to decorate my flat and I am studying. I work in an industry where people earn hundreds of thousands (I am still very junior and disillusioned and so probably won't go very far!) and so I am under pressure to wear the right clothes, go to the right places (my boss is disgusted that I go camping) and drive the right car. I tell these people that I am trying to pay my mortgage off which usually shuts them up as they have £1m + mortgages which I doubt they will ever pay off.

snoozer

No-one knew about our debts. We got ourselves into the mire and we were too ashamed to let anyone know how bad things were at their worst.

Zabl

My parents knew i had a bit of debt after travelling and my best mate knows the right figure.....
I wouldn't tell anyone else, although i know a fair few of my mates have some cash on CC's and they prob assume i do as well!!

jazzt1

I definately keep the actual figures to myself - bf just knows that I owe a 'good bit' and it'll take me 3 yrs to pay it all off (If I'm careful and really, really good!). I think it would shock bf and parents if they knew how much I owe - even though obviously it's not as much as some other people.

I don't like to think about my debt too much - try to stay positive otherwise I'd just get really depressed about it. I know it CAN be paid off and I WILL do it.

I'm really lucky however because my bf is quite well paid and because he knows I can't afford a holiday he's prepared to pay for my side of travel and accommodation as well as his! Trying to save up a bit of cash however to pay for stuff like excursions, sightseeing etc.

Kevicho

Ive told a lot of my friends, its a good excuse for stopping going out, but a lot of my immediate family dont know, they probably suspect but i can take care of it and they have enough to worry about

Ill tell them when im debt free though

owessomuch

My friend and family know that I have debt but no one knows how much! I am far to ashamed to tell them and my bf has no idea at all. Thats why I like coming on to this site, your getting it off you chest and don't have to be ashamed .

domesticgoddess

told my OH, my mum, kids too young to really care and told close friends. I feel that them knowing will help keep me on the straight and narrow. Mum offered to give me some money but it wouldn't really help in the long term so I said no