Don't let debt become the elephant in the room
If you’ve got money worries, we’re all ears.
How many times a day do you think about your current financial situation?
As soon as you open your eyes in the morning? During your team meeting at work? As you binge-watch the latest Netflix fad after a long day?
Money worries can have a serious impact on day-to-day life, leaving people feeling isolated with nowhere to turn for support. When facing debt, it can be all too easy to bury your head in the sand and ignore the elephant in the room. However, just as an elephant never forgets, neither do the people you owe money to making it imperative to tackle the problem head-on.
The first step to finding help is to remember that you’re not alone. Tens of thousands of Scots are going through the same thing as you – and many have found a legal solution to slash their monthly payments to a size they can comfortably pay without losing sleep at night.
Debt doesn’t discriminate
Believe it or not, debt isn’t complicated. Falling into financial difficulty is easier than many might think and there’s no one size fits all profile when it comes to those struggling.
Debt doesn’t discriminate.
For many people making it from one payday to the next without running out of cash is difficult or just not a possibility at all – and that’s where the problems can begin.
According to industry statistics, a high percentage of people have payments and debts that leave them short for the rest of the month. From soaring credit card bills to car finance payments and money for day-to-day life making a pay packet stretch can be a tough task for many across the country.
So, where do you turn to for help when your monthly finances dry up?
Often talking to family and friends about financial troubles is a hard no for many people so they find themselves turning to credit cards or expensive payday loans to cover the cost of day-to-day life.
It may offer light relief at the time, but the reality is this is only making things worse – leaving them with more to pay the next month and pushing them further and further into debt.
Have you heard the phrase ‘robbing Peter to pay Paul’? That’s the perfect way, to sum up this kind of money- management and can only lead to bigger and more stressful problems.
If you find yourself in this situation it’s important to remember that you’re not alone and there is a solution to help.
You can’t hide from your problems
The reality of debt is harsh.
Creditors don’t care about whether you have a family to feed or personal commitments – they will continue to chase for what you owe regardless of your circumstances.
From council tax and utility bill debt to payday loans and personal loans, thousands of Scots face the pressure of keeping up with unmanageable payments they just can’t afford.
When faced with the daunting task of dealing with your finances there can be a temptation to hide from your situation – it’s imperative you don’t.
Ignoring your debt problems will only make them worse, with once manageable debts escalating from hundreds into thousands of pounds. The longer you leave a debt the more it continues to grow, and you’ll incur even more fees than before – from admin and late payment fees to debt collection charges.
Switching off from debt isn’t an option. Putting your phone on silent isn’t going to halt the chase, nor will ignoring bills and final demands. It’s a never-ending game of cat and mouse with only one winner at the end of the day – creditors.
The elephant in the room…
Let’s be honest, talking about money isn’t easy. Growing up we’re often taught that our bank balance isn’t something to be spoken about openly, that money talk is always something to be kept personal.
It’s that mantra that can make dealing with debt one of the hardest things to ever do in life.
Often discussed in hushed tones there’s no denying the stigma that comes with talking about money matters, however, the reality is the only way to deal with debt is to be open and honest without fear of being judged.
Every journey starts with a single step and your road to a future free of stressing about unsecured debt can begin with one conversation.
Stop letting debt get the better of you
Being terrified to check your bank balance or hiding from the phone or answering the door can not only be exhausting but daunting as well.
If you’re tired of letting debt get the better of you, we have good news. There is a tried and tested way to reduce your payments that gives you a little breathing space and is already being used by thousands of people just like you.
We’re all ears
At Carrington Dean, we aren’t afraid to address the elephant in the room. We appreciate that talking about debt isn’t always easy but we’re on hand to offer impartial advice, free of judgement.
Our expert advisors have helped more than 24,000 Scots regain control of their finances with simple and straightforward debt advice.
You could write off up to 75% of your unsecured debt, stop pressure from creditors, freeze interest and charges and begin to live your life free from the stress of dealing with debt every day.
Stop missing out on experiences and start living your life again.
Take our free debt quiz to see how much you could write off.