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My debt story in my words

Debt is a difficult subject to talk about, but it  can happen to absolutely anyone and often the best way you can get yourself back on track is to talk about it with a trained debt advisor. 

Jane found herself in this situation but, after talking to a debt advisor, she is now debt-free. If this sounds brilliant, but you don’t possibly see how you could do it yourself, read her story. You’re not alone in struggling with debt and with a bit of perseverance, you too could be debt-free.

Jane’s story

 

“I stopped working after one of my contracts was sold off and I was struggling to make ends meet. This is when my financial difficulties kicked in. At the worst, I owed around £4,000.

It felt like this happened very quickly, and it made me feel very depressed as I felt I should have known better. I worked with people with mental health and alcohol problems and I’d often talked to them about where to go if they were affected by debt. I was under a lot of stress so, maybe for me, it was that I should have kept more of a marker on how I feel and the warning signs for my own mental health.

I did try going to a Housing Association support worker for help but they weren’t hugely experienced.

What really made the difference for me was going to a debt advisor. It took me a couple of years for me to make the leap to go and see one but I’m so pleased I did. She was very patient, non-judgemental and really empathetic. This gave me the confidence to find a way out.  I feel so relieved and can also start to save money for emergencies which is important.

I would advise anyone who is in a similar situation to get advice as soon as you start to feel you can’t afford to pay your bills. It won’t go away unless you do something about it. Also, I now have no credit cards. If you can, avoid them.”

If you are struggling with debt, you are not alone and getting debt advice has been proven to really make a difference. Debt advisors are trained to deliver a personalised response that’s going to work best for you and your circumstances.

What do you think?

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  • Jason Brooks / 16 May 2016

    I was advised by my bank to seek help from stepchange, I did and they were very helpful. However, a mortgage advisor has now told me my plan to sell my house, clear my debts and start again won't work because I won't get a mortgage for at least 6 years. I'm very confused now, as I have followed all advice from my bank, stepchange, citizens advice and a mortgage advisor and it seems to not benefit me.

  • Gmg / 15 May 2016

    Oh Jane
    Never be afraid of talking about money, it's a bit about talking about any subject birth, life, anything.
    I was running my own business for 24is years, at the end of the day it was all about money, making some, losing some, life is hard but never be worried about money, it's a win, win just never be afraid!

  • Theodora / 15 May 2016

    Its a good personal decision. do note sometimes yhat when go to debt advisors, it sometimes affect your credit score. If you can, find a healthy way to work with both debt agencies and credit agencies to retain a healthy financial score. Make your choice.