Our money-saving discount client, vouchercloud.com, have been hitting the news once again; this time not because of Minions, but in fact highlighting a serious issue that many Britons just don't understand the implications and repercussions of having debt.
The study provided Britons with a list of financial statements, both true and false, and asked respondents to state whether they believed them to be true or false, highlighting the top 5 most common financial misconceptions, including;
- If you ignore the company you owe money to for long enough, they'll go away and the debt will be cleared
- Once you declare yourself bankrupt, you're bankrupt for life
- I'll lose my home if I miss a mortgage payment
The results of the survey have been picked up by AOL Money and you can see the cutting for this below...