Debt can affect any one of us. Yet for many people, the shame and stigma surrounding money worries stop them from reaching out for help.
This Debt Awareness Week (16–22 March 2026), we’re tackling the issue head-on — because no one should struggle alone.
Debt is More Common Than You Think
New national polling shows that debt is far more widespread than most people realise.
More than half of people in the UK have experienced problem debt at some point in their lives. That’s millions of people — friends, colleagues, neighbours, and family members — all facing similar challenges.
Debt is not a personal failure. It’s a common experience, often caused by life events outside our control, such as:
- Job loss or reduced income
- Rising living costs
- Illness or caring responsibilities
- Relationship breakdown
- Unexpected expenses
If you’re struggling, you are not alone — and support is available.
But Stigma Keeps People Silent
Although many people say they would talk openly about money worries, the reality is very different. Almost half (44%) of people who have experienced problem debt told no one about it.
This silence can make the problem feel even bigger. Debt can become overwhelming when people try to face it on their own. Without support, it’s harder to find a way forward, and worries can quickly affect mental health, relationships, and overall wellbeing.
Debt Awareness Week is about breaking that silence. By talking openly and encouraging others to do the same, we can help more people get the support they deserve.
Why Breaking the Stigma Matters
Removing the shame around debt helps people:
- Reach out earlier
- Understand their options
- Access free expert advice
- Reduce stress and isolation
Every conversation helps shift the perception of debt from something to hide, to something that can be managed with the right support.
Where to Get Support
If you’re dealing with money worries or problem debt, you don’t have to manage it alone. Reaching out for help is a positive first step, and there are trusted organisations ready to support you.
Help for General Debt – StepChange Debt Charity
If you’re struggling with everyday debts — such as utilities, council tax, rent arrears, credit cards, or other household bills — StepChange offers free, confidential and impartial advice. Their expert team can help you understand your options, build a clear action plan, and take back control of your finances.
They provide:
- Online tools to assess your situation
- Practical guidance tailored to your needs
- A wide range of debt solutions, from budgeting support to long‑term repayment plans
Get free expert debt help:
👉 https://www.stepchange.org/
Support for Loan Shark Debt: Stop Loan Sharks Wales
If you’re dealing with loan shark debt, it’s important to know that specialist support is available — and you are not alone.
Stop Loan Sharks Wales supports people affected by illegal money lending and prioritises your safety, wellbeing, and confidentiality. They can help you understand your rights, talk you through your options, and support you in reporting illegal lenders safely.
Get confidential advice or report a loan shark:
👉 Stop Loan Sharks Wales – https://stoploansharkswales.co.uk/tell-us-about-it/
Categorised in: Blog