A new disease plaguing the UK is called denial. Denial has resulted in a national personal debt of almost $ 1.1 trillion (source Credit Action). Symptoms include: * Refusal to open bank accounts * Lots of scratching his head, saying: “How did this come about?” * Paying more for the plastic, or all the time * Sweating in the box Denial is now the most common disease in the United Kingdom and is spreading. Scientists are not sure how the disease reached epidemic proportions such, but are concerned about how the disease is mutating. Take, for example, the horrible case of Karyn Bosnak, a confessed shopaholic.
The blond rose to U.S. $ 20,000 from the massive debt. One can not contemplate the idea of actually working to pay it, Karen created a website written with gullible surfers around the world to send donations. And they did. And Karen has written many books on this company and no longer need to borrow such huge amounts of cash.
Karen, according to the website, lives happily ever after, but still suffers from severe attacks of denial. But most people do not live happily ever after. The most worrisome effect of negation is that most people are aware that they could do something about your research options of debt and adequate credit. However, most humans do not, most stick their fingers in their ears, close your eyes and relax and think of England. They could, if desired, search the Internet for financial information site. There are many of them around. Available for consumers to read the agreement and impartial comparison site or the best option? and those are just two of the most popular choices. And if you’re an American, you have at your disposal. What is the most wonderful of denial in terms of consumer debt is the bad reputation that banks are getting for seducing innocent consumers in complex credit agreements. If McDonalds fat clients “have to take responsibility for their actions, then poor borrowers should recognize the consequences of excessive shopping. Resources: More information:” What to 1.1 trillion dollars of debt really means ” by Cashzilla Consumers have already been comparisons of debt and the GDP of third world countries’. In Cashzilla, we do not fit in the message We call Jamie, a local expert, to make a small scientific experiment which involved going to the store and buy a tube of Smarties. Smarties tube cost 40p and had 42 Smarties in the tube (a very significant number). Some estimates magic later, Jamie developed that would amount to 1.1 trillion in layer Smarties the world’s five million times more! Rachel is one of the two authors who write for Cashzilla. We do not take it too seriously and rant about various topics personal finance from time to time.