Talking about money can be difficult, but talking about money problems can be even harder. However, if you are struggling with your finances, it is important that you get advice at the earliest opportunity. Finding it hard to pay for basics such as food or rent, using credit cards to pay for essentials or to repay another debt, or feeling stressed by money issues are often signs that you need to seek advice about your situation.
Getting help with your finances at an early stage can prevent money problems from becoming unmanageable and may mean that you have more options available to you.
There are a number of different options for dealing with money difficulties, ranging from budgeting advice to debt management solutions and statutory insolvency procedures. All of these options, are outlined in the R3 Guide – Dealing with Money Worries.