There has been a lot of publication and coverage in recent years, and rightly so, about opening up about mental health, so why not debt? Debt can be a huge factor when it comes to stress, anxiety and poor mental health, so it is most certainly a topic we feel should be top of the list to open up about and get the help that you deserve.
Many people worry that they may be judged, or that others would see them differently if they admitted to struggling with their finances and in turn this leaves them suffering alone feeling like they are failing whilst other people, on the surface, look as if they have everything under control.
Perhaps, the more people that decided that debt is not a dirty word, or a taboo subject, and openly discussed the struggles they faced, the easier it would be for others to ask for help when they needed it. In turn reducing the stress on peoples’ mental health for those having to deal with debts on their own in secret.
After all debt is credit that has become unaffordable and frequently this is caused by a life event such as divorce/separation or redundancy. Lets make more of a conscious effort to talk about debt. You are not alone.
If you are struggling with problematic debt, whether you have only recently began struggling due to a change in your circumstances or whether it has been a worry for some time, you are not the only one. You are not the first, you will not be the last and there is help out there.
Who can you reach out to?
Equifax reported that 1 in 7 adults hide the extent of their debt from their partner and 1 in 10 people do not believe that they will ever be debt free. If the prospect of speaking to anyone you know about your money or debt issues is beyond contemplation, it is important to know that there are organisations out there, including The Debt Advisor who are appropriately regulated who are willing to chat and provide advice.
If you are struggling with debt, The Debt Advisor can help advise you on how to better manage your finances or help you to deal with debts.
