New research has shown that men are less likely to seek help for spiralling debts than women

A CCCS spokeswoman said that of those who called the charity, couples faced the highest average debt at just over £30,000. This was followed by single men, with an average debt of £19,830, and single women at £16,937.
By: Trust Deed Scotland
 
 
TrustDeedScotland
TrustDeedScotland
Jan. 26, 2011 - PRLog -- New research has shown that men are less likely to seek help for spiralling debts than women - even though men owe more and have a greater risk of bankruptcy.

Single men have built up greater debts than women on their own, the data shows.
But Women contacted two debt charities for advice in greater numbers than men last year, figures have shown.

A massive 63% of callers to the Christians Against Poverty group, which has 150 church-based debt counselling centres in Scotland, were female.

During the past decade more men have also entered into sequestration or sought official agreements to repay debts.

The Consumer Credit Counselling Service (CCCS) said it had received more calls from women - even though men were more likely to become insolvent.

"We do not know whether women are more pragmatic, or that men have that determination to sort things out on their own," said the charity's chief executive Matt Barlow.

"What is clear is that it is awful to live in debt, to be hounded by creditors and feel that life has spun out of control."

The latest figures from the Insolvency Service shows that in 2008, 37,972 men went bankrupt in the whole of the UK, compared with 23,173 women. These figures are supported by the AiB, the regulators of Trust Deeds in Scotland.

A CCCS spokeswoman said that of those who called the charity, couples faced the highest average debt at just over £30,000. This was followed by single men, with an average debt of £19,830, and single women at £16,937.

Debt charities consider this time of the year to be their busiest, as many people find themselves in financial trouble when credit card bills from Christmas spending arrive.
Trust Deed Scotland have recently launched an extensive campaign to encourage those in financial difficulties to come forward and seek help.

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