Debt Arising From Divorce, Separation and Single Parenthood
Why Debt is so Common after Divorce
With the UK divorce rate at its highest level since 1997 and 1% of the adult population getting divorced each year, the financial implications for divorced couples are far reaching.
Apart from the emotional anguish involved, divorce can often lead to unforeseen debt.
On average, couples pay about £13,000 to get divorced. This figure includes legal fees, maintenance payments and the cost of setting up new homes. This huge divorce bill can lead to debt for many separated couples.
This is shown by the fact that people who call our divorce debt advice centre tend to have between £15,000 and £25,000 of unsecured debt. This debt stems directly from recent divorces and the cost of setting up new homes.
If you are facing debt following a recent divorce, we may be able to help.
We offer a free and impartial debt advice service to help you find the best way to settle your debt.
Once you have decided which course of action to take, we can help set it up for you.
If you would like to speak to one of our specially trained counsellors, please click the link below and complete the short contact form.
Click Here: To Apply For Free and Impartial Debt Advice
The Effects of Debt Arising From Divorce, Separation and Single Parenthood
Debt that arises out of the break up of a relationship is particularly difficult to cope with because it hits you at a time when you are feeling depressed and struggling to deal with the emotional upheaval of separation.
Debt can also strike single parents, as well as people who have divorced or separated from their partners. After all, the extra expense incurred by having a baby can be difficult to cope with if you cannot work and have no other income to fall back on.
Impartial Debt Advice
If you are facing debt following a recent divorce or separation or if you are struggling to look after a baby on your own, you may feel embarrassed or inadequate.
These feelings might prevent you from seeking help to resolve your debt problems. However, covering up your difficulties will only make the situation worse as it escalates beyond your control.
Whilst getting good debt advice could help you to make a fresh start.
We offer a confidential debt advice service that can help you to manage your debt problems whether they arise from divorce, separation or single parenthood.
Once we have helped you to identify which solution would work best for you, we can also help you set it up- free of charge and without any obligation.
Click Here: To Apply For Free and Impartial Debt Advice
You will be asked to complete a short online form which our debt counsellors will use to tailor their advice to your specific needs. This form will take less than a minute to fill in.
To contact an advisor call 0800 138 5445. Alternatively complete an online enquiry form and an advisor will call you back at the time that you specify.