Debt is a scary thing. It can be overwhelming and stressful. Every time I see another story in the media about someone who has ended up taking their own life due to debt, my heart breaks. I know I was fortunate to have been in and out of debt very quickly, but I know a vast majority are not that lucky. The finance industry has a lot to be responsible for. Whether it’s the obscene interest rates on payday loans or credit cards companies increasing credit limits without a reason to.
Sometimes people get in to debt because of something they’ve done, but sometimes it is completely not their fault. Redundancy, illness, change of circumstances. All of these are major reasons for people to end up in debt. If I could get you to take away one point from this blog post it is that there is help available. It is free and you will not be judged. If you have a problem with electricals you call the electrician. If you have a problem with plumbing, you call a plumber. So if you are having trouble with money, contact a money expert – but one that is free – there is no point getting help from someone who will land you with a big bill for the privilege.
A debt charity is where you need to go. Christians Against Poverty are the charity that myself and several of my friends have used. You don’t have to be a Christian to access their services, although they are often based out of hubs based in churches. StepChange is another great debt charity. I personally don’t have any experience with them, but I know several people who do and who highly recommend them.
The most important thing to do is to talk about your problems. Get help. I know a lot of people are ashamed of being in debt, but to solve your problem you have to face it and do something about it.