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Money is something that affects us all. Whether it’s making sure you know which benefits you’re entitled to, managing your money, or pension tips. We’re here to help.

Debt is one of the most common topics people who contact our Helpline ask for help and advice about.

What is debt?

A debt is something, usually money, that has to be paid back to someone or an organisation that loaned it to you in the first place, normally with some additional cost. Anyone who uses an overdraft on their bank account, has a mortgage or who owes their mate £20 has debt. That’s nearly all of us, right?

It is almost impossible to live debt-free and most of us can’t afford to pay cash for our homes or even our cars. If you want your own home or need a car to get you to work every day, you will need to borrow money. While a mortgage will hopefully make you money in the long-term, a car loan probably won’t because most cars lose value over time.

The basic rule is, make sure you have a plan for the repayments and that you can afford them.  Use our ‘Understanding your money’ tool to see what money you have coming in, going out and how much is left at the end (or not). Once you have your results, follow the links below for more tip and advice on money.

Find out more about how to identify and deal with your priority debts.

Is debt affecting your daily life?

Whether you're worried about money all the time or just sometimes, check out our top tips to help you feel more in control of your finances

More on money

At risk or loss of employment
Online pension guide
Everything you need to know about pensions in under 7 minutes
Universal Credit
Planning ahead - you and your money
Mortgage & rent payments
Maximising benefits
Debt & borrowing
Statutory Sick Pay

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