Monday 2nd of November 2009
X Factor judge Dannii Minogue has revealed she once got herself into £150,000 of debt - a situation in which she may have been well advised to employ a debt management plan.
Kylie’s sister even admitted to Piers Morgan on his ITV1 talk show that she agreed to pose for Playboy magazine in order to recoup some of the cash she had lost leading an extragavant celebrity lifestyle.
And now Minogue, who last night (November 1st) lost her first act from this year’s ITV1 singing competition, may be an example to others that even the rich and famous can find themselves with debt worries.
The Australian pop princess said: "I never wanted to admit the trouble I was in. I should have been looking at my finances."
Minogue could have used a debt management plan to tidy up her finances without resorting to the Playboy deal.
A debt management plan may have been able to reduce the interest rate on her debts and set up a repayment plan based on what she could afford at the time.
By Hayley Jones
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