Breaking down the stigma associated with personal debt in the UK.
According to nationally available data, there is an estimated 9.3 million people in need of debt advice, with the majority being unaware of the solutions available or being too ashamed to admit the challenges that they face.
22%
Almost a quarter of Brits think debt is shameful
33%
A third of Brits wish friends and family would be more direct with them about issues like debt
59%
Only poor hygiene (59%) and looking unkempt (29%) are seen as more shameful
MoneyPlus is encouraging people to speak up and reduce the stigma and shame associated with problem debt
At MoneyPlus we know all there is to know about personal debt. For more than 25 years we have helped hundreds of thousands of people live better.
We do this by understanding the position that an individual is in, so that they can live their life, free from the financial insecurity that comes with debt, as well as the financial benefits of managing debt in a way that is acceptable to the individual and the people who lent the money in the first place.
The pressure to keep up
Debt can be like many other challenges that we face in life, in that asking for help can often be the hardest thing. However, as with other issues that we all face, just opening up can be a huge relief itself.
The problem is we live in a society that seems ever more interested in what someone has, rather than how the person lives their life. The pressure to keep up with the next generation of phone, or a new car is relentless and when matters get tough just how does someone own up to the fact that in very simple terms they have run out of money?
There’s no shame in saying
But being in debt doesn’t have to feel like that there is nowhere to run. Being in debt is something that almost everyone in the country must experience and the issues only arise when the debt becomes unmanageable.
Very few people borrow money with the intention of not paying it back, but nonetheless we need to take away the shame of facing money worries. We are not talking about being reckless with money; far from it. We are talking about being sympathetic and non-judgemental to someone who has found themselves in a position they don’t want to be in, and a situation that they think there is no way out of.
We know that there is always a solution, and the aim of this site is to take away the shame associated with debt so that we can all properly engage with conversations around the unseen impact of the debt people are facing.
So, today we start the campaign to break down the barriers associated with debt, leading to a better life for all those affected by the same.
“I was so ashamed knowing I had to do something like this to better my life. People who have used you in the past couldn’t have praised MoneyPlus anymore. Making the first call I was so emotional and didn’t see a way out of things. However, after a long call with MoneyPlus I felt the weight had been lifted off my shoulders and I was able to see towards the future again. They really listen to you and take the time for you there’s no rushing at all. Honestly the best thing I ever done was go onto a debt management plan with MoneyPlus.”
Janette,
London