Getting support
CreditLearn where to find free, confidential debt support and why reaching out early can help your finances and wellbeing.
Transcript
Dealing with debt can feel isolating. Remember that you’re not alone. There is no need to be ashamed. Debt is more common than you think. Millions of people across the country face these financial challenges every day.
Keeping financial worries to yourself can take a toll on your mental health. Reaching out for support and guidance is vital – not only for your finances, but your overall wellbeing. Speak to someone who understands your situation and won’t judge you.
There are a number of organisations that offer free and confidential advice. Be wary of companies offering you debt write-offs or something called an IVA.
You should always get impartial, regulated debt advice before agreeing to anything like this, as it can have a lasting negative impact on your financial life. Creating a personal budget is a good first step.
You can start by writing down what is coming in and what is going out. You can use our other videos on budgeting to make a plan. Remember, you’re not alone. Support is out there and even small steps can make a big difference.
Docs, Links & Resources
All Adult Learning Modules
Budgeting
Module 1
In this module, you’ll explore how budgeting can help you plan ahead and manage the impact of rising costs.
Earnings
Module 2
In this module, you’ll learn how to understand your pay, spot any issues early and explore the different ways you can increase your income.
Freelance
Module 3
In this module, you’ll learn what freelancing involves, from getting paid to managing tax, expenses and day-to-day responsibilities.
Pensions
Module 4
In this module, you’ll explore how pensions work, from the State Pension to workplace and personal pensions, so you can plan ahead.
Debt
Module 5
In this module, you’ll learn how borrowing works, how to manage debt responsibly and where to get help if it becomes hard to handle.
Credit
Module 6
In this module, you’ll learn how credit works, different types of credit, how repayments are made and how interest and fees are calculated.
Mortgages
Module 7
In this module, you’ll learn how home buying works, the factors that shape affordability and how mortgages influence the overall cost.
Investing
Module 8
In this module, you’ll learn how investing works, how to manage risk and how to grow your money over time.
