Many Scots are ‘hiding debt from their partners’

Almost one in five Scots have not told their partner the full extent of their debts, according to new research.

The study, conducted on behalf of the Debt Advisory Centre, found nearly two-thirds of Scots in a relationship have unsecured debt, with £3,400 the average amount owed.

It found 17% of those questioned said their partner is not aware of the full extent of their borrowing.

And almost one in 10 (7%) admitted they do not know if their partner has any unsecured debt.

More than a third of respondents said they hide debt out of embarrassment, however money experts advised couples to be open about their finances.

Melanie Taylor, spokeswoman for the Debt Advisory Centre, said: “Discussing finances, especially debts, can be daunting, especially in a new relationship.

“However, hiding debt from your spouse or fiancé is storing up a problem that could seriously threaten the future security and happiness of both of you.

“Once plans turn to marriage, it’s essential that you understand each other’s financial position and that includes any debt that you bring into the marriage.

“And if you are worried about the amount that you owe, then seek professional advice together.”

Almost two-thirds of those who plan to wed said they owe money on credit cards and loans.