Tag Archives: advice

A friend in need…what to do if someone you know is in debt

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Don't let your friend suffer in silence any longer.

Don’t let your friend suffer in silence any longer.

You’ve known for a while now that someone you care about is going through a rough patch with money.

Their face is constantly tight with worry and there’s a stack of bills on their side table. You can’t have a five-minute conversation without their phone ringing, and every time it does they let out a world-weary sigh.

There could be a whole host of reasons why they’re struggling, some you may not even be aware of. Maybe they recently had their hours cut at work, or their partner walked out. Perhaps their household expenses have been creeping up in price over time (you no doubt know yourself how expensive things are these days). You want to help but don’t know how.

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Scam alert! Have you had an email notice to appear in court?

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Woman worried about spam email

Have you received a worrying email?

Spam emails containing viruses aren’t a new invention – they’ve been used by criminals online since the dawn of time. Well, since the dawn of the internet at least.

Although there’s more technology to help us spot spam emails these days, unfortunately they continue to wreak havoc in people’s lives. As well as causing fear and playing with emotions, they wreck computers and drain bank accounts.

Luckily, this isn’t something clients tell us they experience often. But when they do, we want to make sure you’re aware too.

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5 famous bankrupts from history

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Even the great Walt Disney had to deal with debt problems!

Even the great Walt Disney had to deal with debt problems!

As you’ve no doubt heard us say so many times, debt problems can happen to anyone no matter what their income, social status or approach to money. Little surprise then that history is riddled with people who were plagued by money worries.

Bankruptcy has long held a stigma that persists to this day despite it often being the best solution available to a person in debt. Several modern day celebrities have had to call in the official receiver when their debts got out of hand, but this list of famous names from yesteryear might surprise you…

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Get debt help this weekend

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Start your debt free journey this weekend

Start your debt free journey this weekend

For many of us, the words ‘Saturday night’ can conjure up a whole host of thoughts, from that dodgy 90s dance track Whigfield did to the solace of knowing we may be in line to enjoy a lovely lie-in on Sunday morning.

For others however, the weekend’s the only window of opportunity they have to get help with debt.

Imagine our surprise when we recently discovered that over 17,000 people have used our online advice tool Debt Remedy on a Saturday or Sunday since the start of the year. It made us wonder why this might be – we think there are four main reasons…

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Our debt advisor awarded best in the country!

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Hip hip hooray for our Trish!

Hip hip hooray for our Trish!

Leeds debt advisor Patricia Cassidy beat off tough competition to be crowned Debt Counsellor of the Year at the Credit Today Awards 2013

Patricia was there in person to collect her award at last night’s ceremony held at the plush Grosvenor House Hotel in London.

A panel of experts voted that she most consistently gave top notch debt advice, sympathetically dealt with difficult cases and worked to promote debt issues internally.

Competition was tough in a category with seven other nominees, including advisors from Baines & Ernst, ClearDebt, Christians Against Poverty and Debt Advisory Line.

But our girl won through and was rewarded for her tireless daily work helping people out of debt.

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The stress of dealing with debt alone

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No one should ever have to deal with debt alone

Mother Theresa was once quoted as saying “The most terrible (form of) poverty is loneliness”. Considering that in today’s society loneliness is said to be on the rise, she may well have been onto something.

Problem debt and rising living costs are a burden for many people, but it seems that people living alone have it especially tough. A 2011 study by Co-operatives UK found that 51% of a single person’s income goes on essential items such as housing, food and utilities compared just 30% of income earned by people living together. Dealing with this kind of pressure can surely intensify the negative feelings a lonely person goes through.

There’s more: according to the 2010 Lonely Society report by the Mental Health Foundation, the percentage of households occupied by one person more than doubled from 6% in 1972 to 12% in 2008. They also stated that more than a third of us (42%) have felt depressed because we felt alone.

If you take a look at our Debt in Mind page you’ll see quotes from actual clients expressing deep feelings of loneliness and despair. Debt and these feelings are often linked. If you’re feeling lonely it helps to understand more about these feelings. 

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Your relationship, your debt and your mental health

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Debt problems can destroy even the healthiest of relationships

Debt can harm even the healthiest of relationships

It’s long been a concern of ours that so many people who struggle with debt feel a knock-on effect with their relationships.

There’s reason to be worried; our infographic for Mental Health Awareness Week highlights that 6.2 million people are hiding their debt from their partners. What’s more, 35% of people with debt problems said their relationship suffered or ended completely due to debt worry.

As Peer mentioned in a previous article, debt due to separation or divorce is a real problem all across the UK.  Luckily, our Wellbeing guide has a few suggestions to help keep your relationship on track during times of stress.

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