Making Sense Of Money

All About Debt

debtThe golden rule is to face up to debt, don’t hide it, pretend it’s not there or hope it will go away – hit it head on! There’s ALWAYS a way and you CAN become debt free.

If you are worried about, or struggling against, debt then hopefully the pages and posts relating to debt that you’ll find on Money Unmuddled will explain the different options available. Don’t worry alone, there are thousands in the same situation, share your concerns, face up to your debts and start living again – why not visit the forum and chat with others in the same situation as you.

Whether you want do it yourself debt advice or if you want to turn to a professional you’ll find the different options available to you here.

    

A previous survey proved that only around 15% of people had a debt problem due to spending too much whilst almost half had a debt problem because of redundancy, a pay freeze or reduced working hours. The remaining 35% reported that their debt was due to outside influences such as a relationship breakdown, illness or having children.

So, debt is not all about being reckless with money but more likely a result of external factors, often beyond our control. Debt is nothing, therefore, to be ashamed of … it happens.

Being in debt can really effect lives though, especially as many keep the problems hidden, even from those close to them. 80% of people with debt problems confirmed that the psychological and physical effect of debt was having a negative effect on their lives, jeopardising their personal relationships, effecting health and ability to carry out their jobs, according to a survey conducted by a debt counselling charity.

Being in debt is not a nice place to be so it’s time to move on – there’s help out there and there’s ALWAYS a solution, no matter how bad you may feel the situation is.

There’s plenty of free help and advice out there such as National Debtline which offers free, confidential help and advice throughout the UK. You’ll find more information on the pages and posts in this section of the website.

If you are considering borrowing because of debt then please think carefully – it most probably won’t be the right option.

Quotes About Debt – The Wise, The Funny & The Inspirational

Posted by on 7:36 pm in Debt Info | 0 comments

Quotes About Debt – The Wise, The Funny & The Inspirational

The wise, the funny and the inspirational quotes about debt – we hope you enjoy. “I’m living so far beyond my income that we may almost be said to be living apart.” – E.E. Cummings “Credit buying is much like being drunk. The buzz happens immediately, and it gives you a lift. The hangover comes the day after.” – Dr. Joyce Brothers “Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.”  – Charles Dickens...

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Debt And Stress – Don’t Let It Make You Ill

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Debt And Stress – Don’t Let It Make You Ill

Debt and stress go hand in hand. Being in debt can be a horrible experience that can affect your life and make you ill … if you let it! Debt sounds simple – it’s defined as “an amount owed to a person or organization for funds borrowed” but, in reality it goes far, far deeper than that – beyond just a simple financial transaction to something that can cause untold worry, stress, anxiety, despair and even depression. Something that can affect lives, cause the loss of property and can break even the strongest of relationships....

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Where To Find Free Debt Advice

Posted by on 8:54 pm in Debt Info | 0 comments

Where To Find Free Debt Advice

Learn all about debt and where to find free debt help through the many UK debt charities – don’t pay for debt help. Personal debt is on the increase in the UK – here’s the latest statistics in October 2013: Total consumer credit lending in the UK £158.7 BILLION Average household debt £6,020 excluding mortgages, £54,141 including mortgages £164 MILLION is paid in interest on personal debt each day 1326 people were made redundant each day (May-July) 899,000 people had been unemployed for a year or more A property was repossessed...

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Debt – The Astounding Facts

Posted by on 6:06 pm in Debt Info | 0 comments

Debt – The Astounding Facts

Bad credit and debt – the astounding facts … add up all the personal debts in the country together and the numbers are astounding. Fairly recent  figures are that UK personal debt stands at over £1,450 BILLION pounds. £1,250 Billion of this is secured lending on property (mortgages for example) leaving £200 Billion+ representing everyday consumer credit. Most people are in debt to some extent but millions have more debts than they can afford to pay off. Average household debt (excluding mortgages and unsecured lending) is £8,042...

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