Therapy & Counselling Resources > Financial Issues

Financial issues

Financial counsellors can provide advice as well as assist us to become more independent managers of our own finances. They can assist people to resolve financial problems, relieve stress and anxiety and increase the ability of their clients to manage in the future.

Debt is becoming a major problem in Britain with more people running into financial difficulty. Credit card overspending, particularly at Christmas time, is one of the biggest problems. Debt counselling can help people to prioritise and consolidate their repayments and find ways of paying off current liabilities and limiting further debt.

Financial counselling may involve advice and support with budgeting, negotiating with creditors and ways to access practical help. Financial counsellors can explain an Individual Voluntary Arrangement (IVA) and where to find an Insolvency Practitioner (IP). Financial counselling can also involve unravelling complex social and personal issues surrounding money problems and help you to get on track with your earnings and savings goals.

The benefits of financial counselling include reduced debt, gaining specialist information, increased savings and lowered stress.

This information is only general and is not a substitute for a professional consultation.

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