Struggling with debt is never easy. As it plays on your mind and you get more and more worried about the situation staying happy can become a real challenge. If you have financial troubles then looking after your emotional wellbeing is important. Debt has been linked to anxiety and depression and so it’s essential that
Debt Relief Orders (DRO) are a possible solution to your debt problems. They act as a legal respite from the burden of your debts – it effectively means you are relieved of making payments towards your debts, and protected from being pursued by your creditors. At the end of the DRO period (which is usually
When you’re struggling on a low income, or perhaps trying to get by on benefits alone, the regular round of bills landing on the mat can feel overwhelming. Money management is not always easy, and not everyone has ability to keep tight tabs on their finances all the time. This can easily lead to debt.
Debt doesn’t just hit your bank balance and credit rating, it can have a huge impact on your emotional wellbeing too. From stress and anxiety over how you’re going to pay all you owe, to the feelings of failure or shame that many people experience when they’ve been heavily in debt, it can take some
With the credit crunch continuing to bite nearly 8 years after it first hit, many loan sharks are cashing-in on the financial vulnerabilities of those most in need. The law states that anyone wishing to operate as a professional money-lender has to be authorised to do so by the FCA – the Financial Conduct Authority.
Being in debt can feel like you’re stuck in a deep hole with no means of climbing out. Burying you head in the sand will only make the situation worse, so if you are feeling overwhelmed by financial worry read on to discover some of the options that may be available to you. There are