How To Start Tackling Your Debt In 60 Days

How To Start Tackling Your Debt In 60 Days

Debt impacts millions of us in the UK – and for many families and individuals, the pandemic will have only made things worse.

Factors that can push people into debt include major life changes (of which there have been many this past year), becoming – and staying – unwell, not getting paid, living on a low income or needing to buy new things.

If you’re kept awake at night by thoughts of your bank balance, or struggling to fend off panic attacks every time your bills go out, know that you’re not alone. Around eight million people in the UK are thought to be living in problem debt.

A government scheme, called Breathing Space, hopes to help thousands of people struggling with such debt. Those who are eligible will be offered financial advice and given respite from debt enforcement action over a 60-day period.

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