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Brits in relationships 'hiding loan claims from partners'

Many Brits could be making loan claims and buying goods through credit card charges while neglecting to tell their partners.

An investigation by The Cooperative Bank revealed that 13 per cent of all people in relationships are hiding some debt from their significant other.

Furthermore, 62 per cent of couples have individual debts, such as in mortgages, overdrafts, credit cards and loan claims.

Overall, Brits in relationships are hiding borrowings worth a total of £41 billion from their other half, with the average lover owing £17,112.

While the average man has a debt of £14,228, this hits £22,418 among women, while people younger than 35 generally owe three times more money than those older than 35.

ICM Research conducted the study through a representative sample poll of 2,000 adults in the UK.

"A problem shared is a problem halved and being honest with your loved ones about debt is always preferable to being caught out in the long run," head of home and family at The Cooperative Bank James Hillon said.

John Fieldman
Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801437689-ADNFCR



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