20th-26th March 2023
Debt can happen to anyone...
The cost of living crisis and economic uncertainty has and continues to affect people from all walks of life, including those who never thought they would face financial difficulty. StepChange Debt Awareness Week aims to bring to light that debt can happen to anyone and here at DAM we want to help people be better prepared during financial hardship by sharing our best practices.
In general terms, debt is essentially money you owe to a person or organisation after they loaned you it in the first place. Examples of monetary debt can be:
Please note DAM are not debt advisors and therefore cannot provide advice on this matter. If you are looking to get help with your debts, here are some charities and organisations that can help:
As mentioned above, DAM are not debt advisors and therefore cannot provide advice on this matter, we can however offfer guidance and support around money management that will ultimately help you avoid debt in the long run.
If you would like to speak with your DAM advisors about better money management, feel free to get in touch using their details on your member portal.