Tuesday, 6 March 2018

How to Deal with the Stress of Debt

How to Deal with the Stress of Debt


         I  have been watching "Can't Pay?  We'll Take It Away".  

It's so sad to see these people and companies that have got into debt for a variety of reasons. 

We know that being in debt can be very stressful. 

Sleepless nights, bailiffs knocking on your door - it's not nice. I have been through this myself.  And it was horrible. 
Some facts about debt in the UK:  

According to Peppergoup, the number of County Court Judgements (CCJs) registered against consumers has risen to the highest level in over a decade during the first six months of 2017, as is confirmed by figures released by Registry Trust. 

One reason why so many more CCJs are being issued is that these judgements are being brought for smaller amounts of money than previously.  

In the first two quarters of 2017, 592,552 CCJs were registered against consumers in England and Wales. This figure is up 41% on the same period in 2016 and is the highest half-year figure since before the financial crisis.

Cocredo reports that the latest figures released by the Registry Trust show that the number of county court judgments (CCJs) registered against businesses in England and Wales rose during the third quarter of 2017, compared with the same period a year earlier.

During Q3 2017, there were 24,698 CCJs registered against businesses in England and Wales, which is a 27 percent increase than the same quarter in 2016. Prior to this figures had decreased year on year for the past 8 years. The total value of all business CCJs rose by 13 percent to £80,506,210; this was the first time since Q3 2011 that a relative increase occurred. 

The number of CCJs issued rose for the first time in eight years – and has rocketed by more than a quarter since 2016.

If you are worried or stressed about your finances, if you need help or support, please contact me for a FREE consutation.  There is no reason to be embarrassed.  

See also:  Financial Healing.  

I look forward to hearing from you.  

Please share this with your networks, and please leave your comments below.   

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