Several million people – up to 10% of the population – are reluctant to admit that they are having debt problems, according to the Money Advice Service.
As a result it is calling on friends and family members to do more to spot the tell-tale signs of money issues.
These include secretive behaviour, or a tendency always to be buying the latest “must-have” item.
There can also be physical and emotional symptoms that they are in trouble, the Money Advice Service said.
Signs to watch out for include:
Find out if you or a family member can qualify to write off outstanding debts by using Money Advisors Debt Calculator.
While personal debt has been falling over the last few years, borrowing has been increasing.
Incomes are also being squeezed. Since April inflation has been higher than the growth in wages.
In May the Consumer Prices Index (CPI) showed annual growth of 2.9%, while wages are currently increasing by 2.1% a year.
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