Ten debt myths exploded

Boris Braun/DPA/Press Association Images

When you're saddled with debt, the world and his wife has some good idea: they know some cunning way to escape your debts, a great loophole, a little-known fact that could save your skin. Unfortunately they are simply too good to be true, and instead of just being stuck with debts, your mired in a world of half-truths and urban myths about debts.

We examine the top ten myths, and the truth behind them.