x

Sign up to our newsletter to get advice and tips on managing your finances.

m We will only use this infomation for the mailing list you have signed up for and will never pass your infomation to any other companies.

Menu Close
0800 901 2488

Call now for free (including mobile)

Debt Calculator - Get the best debt solution

1
v
2
v
3

What is the value of the debt you owe?

Next

How many companies do you owe to?

BackNext

To get free personalised debt advice please fill in the form below

Do you prefer a specific time for a call back?

Back
GDPR has been accepted.By using this form you agree with the storage and handling of your data by this website. Privacy Policy

We can call at a time that suits you

GDPR has been accepted.By using this form you agree with the storage and handling of your data by this website. Privacy Policy
eight ways spot debt header

Eight ways to spot a friend or family member in debt

Latest figures from the Money Advice Service (MAS) show that up to 10% of the UK population are reluctant to admit they are having debt problems. These worrying figures have caused MAS to call on friends and family members to do more to spot the signs of money issues.

The government backed service continues to urge people to get help and seek out debt advice as it can make a big difference to their lives. One particular study suggests that within 3 months of receiving debt advice, 65% of those who took part in the survey were either repaying debts or had cleared them in full.

Director of MAS’s debt advice, Sheila Wheeler, echoed the sentiments for those in debt to seek help; “Free debt advice is available now and will help support you in getting your finances back on track before your money worries become a bigger issue,”

With borrowing increasing, inflation rising and incomes being squeezed, services such as MAS are becoming increasingly worried about the affordability for many when it comes to paying back the money that they owe. This is why they are enlisting the help of the general public to spot the signs and try to prevent debt problems spiralling out of control for as many people as possible.

eight ways spot debt content

MAS are asking you to look for signs including:

  • Have they been in debt before?
  • Recently had a major life event take place including having a new baby, getting a divorce or being made redundant.
  • Are they living beyond their means but always buying new clothes, gadgets etc.?
  • Spending less time socialising with friends.
  • Starting to hide issues and avoid talking about money.
  • Reducing or increasing the amount they are spending.
  • Tiredness or having trouble sleeping
  • Significant weight loss or weight gain.

Showing signs of a few or all of these could point to debt problems and if you think a friend or family member is in debt you should try to speak to them about it and suggest they obtain debt advice as quickly as possible.

It can be a difficult situation to deal with which should be treat with caution, compassion and respect. If you are struggling to know what to say to your loved one regarding debts, do some research online as there are plenty of respectable and licensed websites that offer advice on this subject.

If you or someone you know is currently struggling with debt, get in touch with us on 0800 901 2488. Our friendly, professional advisers will listen to your situation and provide you with best advice confidentially and at no cost to you.

If you found this article informative and helpful... Please Share!

2

Leave a comment

Debt Calculator - Get the best debt solution

1
v
2
v
3

What is the value of the debt you owe?

Next

How many companies do you owe to?

BackNext

To get free personalised debt advice please fill in the form below

Do you prefer a specific time for a call back?

Back
GDPR has been accepted.By using this form you agree with the storage and handling of your data by this website. Privacy Policy

Call today to find out how we can help with your debts0800 901 2488

or

Request a call back
GDPR has been accepted.By using this form you agree with the storage and handling of your data by this website. Privacy Policy