A new epidemic is plaguing the UK , and its called Denial.  Denial has resulted in us as a national running up a personal debt of almost £1.1 trillion

The Symptoms of the epidemic are:
 
* Not opening bank statements
* Plenty of head scratching, saying “how did I get all this?  It can’t all be mine?”
* Paying by our flexible friend most, if not all of the time
* Cold Sweats at the checkout 
* Taking out more consolidations and loans

 Denial is now the Number one illness in the UK and it is spreading.  Scientists are still working out how the illness reached such epidemic proportions.  I’ll tell you how it got so large.  It’s simple.  People are spending too much bloody money that they don’t have.  They take extra loans to sort themselves out, and then rather than pay the loan and cut up plastic cards, they spend even more.  And so it goes on and on and on.
 
Take, for example, the case of Karyn Bosnak, the self-confessed American shopaholic. This blonde (not that being a blonde or a women makes any difference, men are just as bad) ran up a massive $20,000 of debt. Unable to contemplate the idea of actually working to pay it off, Karen set up a website pleading with gullible surfers all over the world to send donations.

And they did.  What is going on.  If I put a ‘donate now’ button here, would you click on it to send me money just cos I over spent?  Of cos not, you’d all tell me to f**k off.

And to take the piss, Karen has now written lots of books about her experience and now no  onger needs to borrow money she doesn’t have, cos you’ve given her enough!!  Karen, according to her website, now lives happily ever after, but still suffers from serious bouts of Denial.
 
But the point is, most people don’t live happily ever after.  We the average man and woman in the street, or student after 4 years of hard labour (sorry I mean 4 years of going out every night and bonking all the girls) don’t get lucky breaks do we?
 
The most dangerous side-effect of Denial is that most people know that they could do something about their debt and research appropriate credit options.  However, most of us don’t do this, most of us stick our fingers in our ears, close out eyes and lie back and think of England (if only the Mrs could be so obliging!). We could, if we wanted, look on the internet for financial and loan information sites, or go to the bank, etc. There are plenty out there, just waiting to give you money, to give you that further advance or loan, to consolidate your existing loans. 

What is the best thing about Denial, in terms of consumer debt, is the bad name that banks and loan companies are getting for seducing us innocent consumers into complex credit, consolidation and loan contracts. If fat Maccy D’ customers have to take responsibility for their poor food choices, then us poor borrowers should acknowledge the ultimate consequences of excessive and compulsive shopping. 

And now for mortgages…..