Released on = July 5, 2007, 11:34 pm

Press Release Author = Bernard Ethen

Industry = Financial

Press Release Summary = UK citizens are willing to help a friend in financial need
with monetary assistance; however, this type of generosity can lead one into debt

Press Release Body = June 28 (loans11.co.uk) London: According to a study from
CreditExpert.co.uk, giving a personal loan to a friend in need has become something
of an essential act of friendship.

40 percent of the people surveyed revealed that they would offer as much as they
possibly could, even if such magnanimity meant a drastic change in their financial
circumstances. 47 per cent of were willing to take on a financial burden for a
friend in monetary trouble, according to the research.

Still, the debt advice site also warns that while generosity can assist friends to
stop seeking loans from other sources, the lending person can run into debt himself,
subsequently damaging his credit rating.

\"It doesn\'t always pay to be generous\", according to Jim Hodgkins,
CreditExpert.co.uk\'s managing director.

Financial \'etiquette expert\' Liz Brewer, also commented on the research,
recommending that advice is better than lending money. Financial analysts might say
that professional advice from qualified people is the best way to go.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit http://www.loans11.co.uk/

Web Site = http://www.loans11.co.uk

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