We need to talk about debt

We are walking into a “debt crisis” according to a new report by Step Change. The research shows that 1.2 million people in the UK have faced serious financial issues, including fall behind on essential bills, and the more common use of credit cards to make debt repayments during the pandemic.

The worst hit appear to be in the 25-34 year old demographic, with the Money & pensions Service reporting that three in five millennials are keeping money secrets such as debt problems from their loved ones.

Many of us have been living with debt for years, and we know how intimidating it can be, which is why we want to see if we can help.

A member of our team can arrange a chat to go through your current outgoings including your mortgage and other areas to see if there are any areas you can cut back on. It may be that you could be saving money with a remortgage, or could be consolidating your debt in a more effective way using a secured loan.

Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.