Almost a million people in the UK are struggling alone with debt problems. This is the conclusion of a study by insolvency organisation R3 which revealed that despite financial problems many people aren’t receiving any professional help or advice.
According to the research a number of reasons are stopping people from getting help with their financial difficulties. Of the people questioned 44% felt that their debt problems weren’t significant enough to warrant seeking help. However greater than one in five (21%) said that they would prefer to try to just ignore the problem rather than seek advice.
In the UK free debt consolidation advice is available from many organisations. However many of those questioned were not aware of this, with almost half believing that they couldn’t afford to get professional help with their debts.
For anybody who feels that they are struggling to keep up with their debt repayments the first step should always be to seek impartial advice. This can provide them with the answers to their financial problems as well as information on the best options available.
