Debt Awareness Week 2024.

Debt Awareness Week 2024.

This week is Debt Awareness Week, a poignant reminder about the impact that debt can have on individuals and families.

Taking place from March 18th – 24th, it’s an initiative that aims to shed light on the issue of debt and to offer support to those grappling with its consequences, reassuring them that help is available for those who need it.

Why debt awareness matters.

Debt is a complex and often stigmatised subject, yet it is a reality for millions of people worldwide. From mounting credit card bills to overwhelming loan repayments, the cycle of debt can feel insurmountable without the proper knowledge and support. Debt Awareness Week serves as an opportunity to break the silence surrounding debt and to empower individuals with the information and resources they need to regain control of their financial wellbeing. It’s also an invaluable opportunity to reassure anybody struggling with debt that help is available.

Together, by fostering debt awareness, we can:

Educate by equipping individuals with the tools and understanding necessary to make informed financial decisions and navigate the complexities of debt management.

Destigmatize. Shame and stigma often accompany debt, preventing individuals from seeking help and exacerbating their financial struggles. By fostering open and honest conversations about debt, we can eliminate the stigma surrounding financial difficulties and create a supportive environment where individuals feel empowered to seek assistance without fear of judgement.

Empower. At Leeds Credit Union, we believe that everyone deserves a chance to achieve financial stability. Whether through debt consolidation loans or our Money and Budgeting Service (MABS), we are committed to empowering individuals to take control of their finances and work towards a brighter, debt-free future.

Join us in spreading awareness.

This Debt Awareness Week, we invite you to join us in spreading awareness and support for those affected by debt. Whether by sharing resources or simply offering an ear to those in need, together we can make a meaningful difference in the lives of individuals and families facing financial challenges.

If you or someone you know is struggling with debt, you can contact us for support and advice here.