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Couple upset about money

What are single parents and the under 25s worst affected by?

Are you struggling to make ends meet?

According to StepChange’s Personal Debt 2014 report, those aged 18-25 now represent 13% of StepChange Debt Charity clients, and single parents account for nearly 1 in 5 people the charity advises.

The report also revealed nearly two in five (39.8%) of people going to StepChange were in arrears on priority debts during 2014.

If you find yourself in a tough money situation, there are warning signs you should look out for. Read on to find out more – and how you can make a change to your finances.

What are your money warning signs?

What should you be looking out for? Here are five alarm bells.

  • You aren’t sure how much you owe
  • You’re only paying the minimum monthly repayments on your cards
  • You’re often late paying bills, and you sometimes go over your credit limits
  • You’re using your credit card for cash withdrawals
  • You’re borrowing to pay off your debts

Need help regaining the balance?

There are lots of places you can get free, confidential advice if you’re struggling with your bills. You do not need to use a debt management company.

You can get help online, face to face or over the phone.


What debts should you pay back first?

Priority debts aren’t necessarily the largest debts or the debts with the highest interest rate. But if you don’t pay them, you could end up:

  • Losing your home – because you’re not keeping up mortgage or rent payments
  • Being made bankrupt – because you’ve haven’t paid your tax bills
  • Having your heating or lighting cut off – because you haven’t paid your fuel bills
  • Receiving a court summons

The debts you should prioritise include your mortgage; council tax; court fines and your gas and electricity bills.


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  • I Nagyi / 3 May 2015

    Who want loan I can say never in uk because you only loss money and after only problems.From me Take it 500 pound british loan companys

  • I Nagyi / 3 May 2015

    I can say that in 3 years I never have it help only promise.I have it problem I have problems an it is the same situation.I was ewryvhere cancil,citizen burou ,police in Northampton in London.Eweryvhere it is writte we are here to help but in fond nobady.I see it a lot of people cry and I cry.Now I loss it my jobb because I work it in a factory where the men is nothing.It is teribil.I work it I same countrys but what is here I can belive that in this world can hapened this things.And howcmany sick people here incredibile.Drog ,teror,army.I was attack in the street because I speak it my nativ language.It possibile.In other country I not need it.In this years I have only bad things to say about all.The banks it unsecured when I now it that it is the best but can say not real .Wery bad.I not belive in english banks.Only rubish and teribil people.Here I see it no belive in good.Only here I need it modern Jesus.What is that?.Teribil.Only this I can say.

  • David / 22 April 2015

    I really want to know the precaution having loans through this means because it my first time

  • David / 22 April 2015

    I am an international student that is seeking for loan to take care of domestic things at the moment.