Debt arising from separation and debt arising from divorce counselling is available via the E-Insolvency on 0800 074 6918 This new section of the website will provide a simple, easy to understand guide to help through the financial process of splitting up when divorce or separation is the only option. The debt counseling team will let callers know all the strategies that will be invaluable thus minimizing the debts incurred through divorce or separation. Statistics - What causes debt? - Divorce and separation - 52%
- Bereavement - 18%
- Ill Health - 15%
- Loss of work - 10%
- Disability - 5%
The section looks at going through divorce from the debt after divorce perspective. The number of separations in the UK has reached its highest level sionce statistocs began. The advice team receives thousands of calls each week from the public who need monthly budgeting advice or who have been turned down for a debt consolidation loan or re-mortgage. There are many reasons why people get into debt such as credit card or store card debt or even debt after a death in the family. Some callers have debt arising from divorce, separation or single parenthood. For this reason we have advice teams dedicated to these situations. Getting into debt can be caused by a unforeseen event such as debt arising from disability, debt from ill health or injury or even debt from redundancy or loss of work. Through these difficult time callers can get into debt from personal or secured loans, car financing or mortgages. Many callers have mail order debt or are unable to keep up monthly payments on credit cards and loans and are being chased for late payments as a result. If this is the situation the advice can help provide accurate debt advice. Men and women aged 25 to 29 continued to have the highest divorce rates. Some divorces are due to gambling debt or credit card debts built up over time. Get debt help by calling 0800 074 6918 on debt arising from sepration. E-insolvency offer a free and impartial debt advice service to help you find the best way to settle your debt arising from separation.The social policy team said at The UK Insolvency Helpline the rise in divorce arising from debt was partly due to pressure being put on family life by an increasingly "individualistic way of living and rising debt due to ease of credit card use. The pressure on families to deliver so many different things at a time when the instinct is to think about yourself means more people are splitting up." Debt arising from separation is very common and the number of separations is thr highest is the since since records began.The pressure on families to deliver so many different luxuries at a time when the instinct is to think about yourself is leading to debt problems. This means more marriages ending in separation. Quick Facts on Debt arising from seperation If you would like to speak to one of our trained debt counsellors about your debt responsibilities following debt arising from separation and please complete the short contact form on the left of the page or call 0800 074 6918.
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