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Is Your Family Struggling with Personal Debt?

Is Your Family Struggling with Personal Debt?

Authored by Phil Meekin

Phil Meekin

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Approximate read time: 2 minutes

Are you worrying about personal debt?

It is a sad fact in the last decade household debt has doubled. British households owe an average of £54,000 according to a report by the Centre for Social Justice. The study found that shockingly more than 5,000 people are being made homeless each year because of mortgage or rent debts. Rising energy bills were among the contributing factors.

The average cost of living has increased by 25% over the last 5 years! Rising living costs coupled with stagnant wages has put pressure on millions of families. If you are worrying about your finances don’t panic, you are not alone.

We are bombarded with ads on the radio and TV which encourage us to borrow money to cover our debts. It is near impossible to walk down the street these days without seeing a loan company offering you instant cash and competitive repayments. But there is an easy solution. Wrong. Sadly, not all debt advice out there is good and some debt advisers are not qualified or regulated.

If you are struggling with personal debt, don’t struggle alone.

At Wilson Field we understand how easy it can be to find yourself in debt and the pressure and strain it puts on you and your family. We can help you regain control of your finances and protect your home.

Personal debt is a growing problem and not something you should be ashamed of. So the first step is asking for help. You might have mounting credit card debts or loan repayments that you don’t know how to repay, it’s not too late.

It can be daunting facing up to debt but our team of friendly and professional staff can help you take the first simple steps to controlling your debts.

Here at Wilson Field we have teamed up with bloggers to help them find fun ways to entertain the whole family without spending a huge amount of money. We’ve challenged them to find things to do with the family for just £5!

Keep an eye on our Facebook page for #FunForAFiver suggestions!

References and further reading

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