MALG member the Money Advice Service is today calling on friends and family to spot the signs that people close to them might be experiencing problem debts. Debt and money worries are often seen as a taboo subject in the UK so it is time to get people talking about their money worries and get them to advice earlier to prevent their debts becoming unmanageable.
Around 8 million people in the UK regularly miss bill re-payments or feel overwhelmed by their debts. Of those, fewer than one in five seek advice to help their situation. This means a worrying 10% of the population could be suffering in silence with serious money problems, with young adults, people who rent their homes, large families and single parents noticeably at higher risk. Friends and family could make all the difference to break the silence and encourage them to get help.
Support the campaign using the hashtag #TalkMoneyWorries and encourage people to visit www.moneyadviceservice.org.uk/talkmoneyworries