If you’re struggling with debt, it can feel overwhelming, especially when you’re raising a family. If your debts are adding up and you’re struggling with repayments, you can get help to regain control of your finances.
Anyone can get into debt. Many parents and carers borrow money at times to help with rising living costs and unexpected expenses.
You might be in debt due to:
It can feel hard to admit to yourself and other people if your debt has got out of control. Sometimes people feel ashamed of being in debt and may try to hide it from people close to them. Having open conversations with your family about money can reduce stigma and stress. You can read our advice on:
No matter how challenging things may feel, there is always a way forward. If your financial situation is affecting your wellbeing, you can read our advice about money and mental health as a parent or carer.
You might find it helpful to talk to other people who have been through similar situations. Try your local children’s centre, family hub or place of worship for information about local family support groups. Support services are there to help you and won’t judge you. They will help you to take steps towards a more secure financial future for you and your family.
The first step to addressing debt is understanding your financial situation. If this feels daunting, it can help to break it down into smaller steps. You could:
Debt advice charities offer free support to help you create a plan for managing your debts.
A debt advisor could help you apply for Breathing Space, a scheme that gives you 60 days protection from your creditors while you work out your debt plan. The government website has more information about the Breathing Space debt respite scheme in England and Wales.
You might see adverts for loans to consolidate your debts, while these might look appealing there can be risks and hidden costs. Always speak to an impartial debt adviser before taking out one of these loans.
Debt advice and support with debt management plans.
StepChange online advice service
Phone 0800 138 1111, 8am to 8pm Monday to Friday and 9am to 2pm on Saturday.
Advice about budgeting, debt solutions, and accessing local support.
Chat online with a debt advisor, 9am to 8pm Monday to Friday and 9:30am to 1pm on Saturday.
Phone:
0800 144 8848 in England
0800 702 2020 in Wales
0800 028 1456 in Scotland
Support is usually available 9am to 5pm, Monday to Friday.
Find your local Citizens Advice (England and Wales)
Citizens Advice Scotland website
Help with debt in Northern Ireland.
Phone 0800 915 4604, 9am to 5pm, Monday to Friday.
Email advice@adviceni.net
Advice NI website
Debt management helpline.
Phone 0808 808 4000, 9am-8pm Monday to Friday.
Webchat, 9am-8pm Monday to Friday, 9:30am to 1pm on Saturday.
If you’re struggling with money, make sure you’re accessing all the financial support you’re entitled to.
You can also get support if you’re struggling to pay for food.