Your friends and family will encounter debt at some point in their life. At Angel Advance, our goal is to empower people to take control of their finances and become debt free. In this guide, we’ll tell you the best ways to help, and how to spot the warning signs of someone in debt.
What Can I Do To Help A Friend In Debt?
There are many ways to help someone in debt. It could be as simple as emotional support with a chat to hear them out, or it could be a more practical approach to help them figure out a solution. Here are some ways you could support them.
Chat to them
Don’t force the conversation, but by being there and being a good friend, you’ll give them the space to chat about their money worries. They need to know you’re not judging them and you’re there to listen and support them in any way they need.
Give them practical help
This could mean a variety of different things, depending on where they are in their journey. You could start by helping them develop a budget for their income and outgoings, change their financial habits or identify if they need professional advice.
Help them connect with Angel Advance
If they want to find out their options, they don’t have to call to take the first step. Our online advice tool lets them find out their options anytime – day or night. Or, if they would prefer to speak to someone, they can call one of our friendly advisors for support. Point them in the right direction to use our free online advice tool.
Be understanding
It’s important to approach the topic of debt with sensitivity. They may feel ashamed or embarrassed about their financial situation. As a friend, it’s your job to help them feel more confident and empowered as they work to figure out their debts.
Spot The Signs of Someone in Debt
They’ve been in debt before
It’s hard to break the cycle of debt, so check in with them to see if they are ok.
They’ve lost their income
If they have recently lost all or some of their income due to redundancy, illness, divorce or bereavement.
They overspend
If they are constantly spending more than you think they can afford, or they mention that they are struggling for money. Or they are using buy now pay later regularly.
They don’t open letters
They may be scared of letters from creditors asking for payment and stop opening their bill letters.
They change their spending habits
They avoid making plans that involve spending money and ask if you can do something cheap or free.
Free, Confidential, No-Obligation Debt Advice
Encourage your friend to get free*, confidential, no-obligation debt advice today. They can contact us to speak to one of our friendly and experienced debt advisers, who are always happy to assist them on the topic of how to deal with debt and can help them determine the best debt solution.
Our free and easy-to-use online tool will help them weigh up the debt solutions available and give the best recommendations on-screen, instantly.
*Our advice is free, but if you sign up for a debt solution, a fee will apply for some solutions.
