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Where to direct your employees when they’re struggling with debt

As an employer, there is only so much you can do to help employees who are struggling financially. You’re probably not in a position to pay off their debts on their behalf, so all that you can do is offer them support in their time of crisis and point them in the direction of those who can help them.

That’s why we’ve compiled this list of a few charities and bodies you might want to jot down for future reference.

Christians Against Poverty

Irrespective of your employees’ religious leanings, Christians Against Poverty is a non-profit agency that might be able to assist them. Their focus is on providing debt counselling, so that they not only address the financial issue but also help with the emotional struggle too.

Citizens Advice

Citizens Advice can be an invaluable tool for those struggling financially and offers a full range of debt and consumer advice. Most bureaus have specialist caseworkers with the experience necessary to deal with your employee’s particular problem, whether this is repossession or needing to negotiate with creditors.

Civil Legal Advice

Civil Legal Advice could be another possible option. It does exactly what it says on the tin, offering legal advice on a number of financial issues. It is not available to all due to recent funding cuts, but your employees can easily check their eligibility online before applying.

Stepchange Debt Charity

You’ll also want to note down Stepchange, who offer a complete and comprehensive debt assistance service across the UK. Extra help is available to the most vulnerable through their free advocacy offering.

Debt Support Trust

Another not-for-profit advice charity is the Debt Support Trust, which offers aid throughout England, Wales, Scotland, and Northern Ireland via its phone, email, and online service.

National Debtline

Add National Debtline to your list too. This enterprise provides free advice and resources to those in need, helping them to effectively manage their debts. Their service is available online, via web chat, or over the phone.

With the correct support and assistance to hand, the path to debt resolution begins to feel far less daunting for those in trouble. Debt counselling is personal and can only be done by qualified professionals as above but helping your employees to be prepared to get help or stay out of debt trouble is definitely something we can do and offer in our workshops.

Help your employees out by pointing them in the right direction to helpful advice or our free employee budgeting resources, and start them on the long path back to full financial health.