Debt happens. It’s not something which occurs solely because you’re unlucky or maybe made some poor decisions, it’s a normal part of everyday life – and often essential if you want a quality life at all.
Although many would regard all debt as being bad, this simply isn’t true. Often, we need to owe money for our lives to go anywhere. For example, without tuition fees, many of us wouldn’t have graduated from university. Furthermore, we would struggle to marry our partners without a little financial assistance while a mortgage is usually essential to get on the property ladder.
Although these are big examples, debt can accumulate from the little things as well. From fixing broken appliances to just getting your rapidly growing children clothes, it’s very easy to owe money – and in many cases, that’s because you’re just living life.
A recent survey revealed that more than 60% of people in the UK started the New Year in debt. Whether accumulated through credit cards, an overdraft facility, or from payday loans, this research helps highlight how common debt can be.
Problems only occur when these expenses start going into arrears and our financial situation becomes unmanageable. Mounting interest rates and charges can lead to persistent debt and the prospect of paying off your creditors in a reasonable amount of time can seem very unlikely indeed.
This situation, sadly, is also a common one and affects thousands of people every year. Fortunately, we’re here to tell you there’s no reason to feel ashamed. Debt happens – and we’ll help you do something about it.
Debt can be a taboo topic and is generally something you won’t hear discussed openly. As a result, many people tend to wait months – or maybe even years – before deciding to seek debt help. The reasons for this are unclear, perhaps they are worried about judgement or concerned their spending will come under scrutiny.
However, we know that debt is just a by-product of life. When your finances become unmanageable, we’re here to offer a lifeline. Get in touch and let’s discuss how we can put you back in control.