Factors Why People Stay away from Getting Debt Advice amid Severe Debt Problems
We frequently observe that borrowers hesitate to get debt advice even squeezed under rising debt burden. The motive behinds avoiding getting debt advice differ from case to case. Some individuals have personal problems of not accepting the reality of their unfortunate financial condition. Some feel unsafe while exposing their debt problems particularly when living in a society where debt problems are considered a social disgrace. An additional reason for such repulsive attitude towards seeking debt advice is having a confusion about cost of debt advice services. They think that taking a debt advice would be an expensive deal which would add to their financial pressure rather than justifying it smoothly.