Released on = August 24, 2006, 1:44 am

Press Release Author = Shakespeare Finance Limited

Industry = Financial

Press Release Summary = Every third Brit is involved in borrowing money from friends
and relatives apart from the personal loans.


Press Release Body = Every third Brit is involved in borrowing money from friends
and relatives apart from the personal loans.

London (uk-direct-loans.co.uk) June 6, 2006: A new research revealed that the
amount Brits borrow from their friends and relatives could reach up to £65 billion.

A report from Cahoot reveals that over a third of Brits owe money with an average
debt amounting to £3,704. Company has also found that the money lent by the
population came with trouble.

The company reported that one in five of indebted Brits felt embarrassed for taking
loans from their friends and relatives. 13% of the Brits felt obliged to lend money
back at a later date and 10% of them said that they had to return the loan quickly
as their relatives needed the money back.

John Goddard, managing director of Cahoot said that, borrowing money from friends
and family is usual. But problem begins when people start borrowing a large sum of
money in addition to
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