Released on = July 26, 2006, 6:48 am

Press Release Author = Grant Cliv

Industry = Financial

Press Release Summary = According to new report, number of marriages that end in
divorce has further worsened the debt problems.

Press Release Body = According to new report, number of marriages that end in
divorce has further worsened the debt problems. Advise firm Debt Free Direct claims
that the main reason for the financial problem was caused by former partner's
extreme debts only. It has been observed that people undergoing divorce process are
more likely to suffer financial setbacks.

London (easy-loans-shop) July, 25 2006: According to a new report, rise in debt
problems have worsened due to number of marriages which ends in divorce .an Advice
firm Debt Free Direct Claims that in 28 per cent of all bankruptcies are caused by
ex partner's excess debts.

People going through debt problems are more vulnerable to financial ruin, it is
believed. Females are more at risk and virtually have no option other than declaring
bankruptcy than their male counterpart. As 14 per cent more female UK residents are
facing bankruptcies than male. Debt problem becomes more chaotic when people find
themselves unaware of ex-spouses' debts.

Derek Oakley, spokesperson for the company said that couples would take debts
together, without realising that relationship would end. But at the time of
separation, debt problem simply rises. He has also advised couples who are on the
verge of separation that even after divorce, many couples kept their store cards and
credit cards in joint names .It is important to inform Credit Company to terminate
the joint card. If you didn't do this you could be pursued for payments on debt that
your former partner had spent.

Such borrowers can trounce their personal debt problems by choosing UK personal debt
loans.



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