Jean's money blog banner

Jean's
money blog

A blog featuring plenty of useful tips to help you
make the most of your money.

Back to blog homepage

Debt concerns?

It might not be quick or easy to solve your debt problems, but it’s important to remember that they’re not unsolvable. The sooner you start to deal with them, the easier it is.

First, you need to work out whether you’re in debt crisis or not. To do this, ask yourself the following questions: Image of plants growing on increasing piles of pound coins

  1. Am I struggling to pay all basic outgoing, including mortgage/ rent, energy bills and credit card minimums?
  2. Are my debts (not including a mortgage) bigger than my yearly after-tax income?
     

If you answered yes to either of these questions
 

You may be in a debt crisis. Don’t panic - there is always a path back to stability and facing your debts will speed up the process and make you feel ten times better.
 

If you answered no to both questions
 

You may not be in a debt crisis, but it doesn’t necessarily mean you don’t have debt problems. There are steps you can take to prevent them from becoming a crisis.

The fact you’re reading my article and answering those questions is a great first step. You can’t deal with a problem until you have acknowledged that there is one.

You don’t have to face your debt problems alone. As Silva’s Money Advisor, I can help you tackle them and reach the light at the end of the tunnel.

If you’re concerned about your finances, please email me and I’ll be able to help: jean.mulqueeny@silvahomes.co.uk

Money advice

We offer a free benefits advice service for our tenants and leaseholders, to help them understand which benefits they are eligible for and how to claim them.

All information is treated in strict confidence. 

Contact Jean

Contact our rent team

We offer a free benefits advice service for our tenants and leaseholders, to help them understand which benefits they are eligible for and how to claim them. While we cannot provide home visits or meetings in our office at the moment, due to Covid-19, you can still book a phone appointment with a member of our revenue team. All the information we discuss is treated confidentially.

Contact our rent team

How would you rate this page?

How would you rate this page?
Rating