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Changing how we talk about debt

debt help in Scotland

In recent years, the cost of living has increased sharply, causing financial strain on families, individuals and communities across Scotland. Financial difficulties can affect anyone at any time. Problem debt, which arises when debt payments become unmanageable, is an experience shared by many. Yet, discussing it openly remains taboo for many Scots.

Breaking The Stigma of Debt

This silence can fuel a cycle of stress, isolation and anxiety. According to a report by the Money and Pensions Service, instead of getting help, people tend to wait between 6 and 18 months before seeking advice. Sadly, some people struggle on for years before they ask for help, often waiting until they’re in dire straits before seeking support. But a shift in cultural attitudes toward debt could change all that, easing access to support and reducing the shame associated with financial struggles.

Change How We View Debt

Debt itself isn’t new, but the way society perceives and discusses it has evolved. In the past, financial struggles were often hidden, with individuals shouldering the burden in silence. This cultural pressure to maintain an appearance of financial stability has, in part, fuelled the stigma around debt. For many, debt is viewed as a personal failure rather than as a societal issue that can impact anyone, regardless of income level or life circumstances. The rise of social media has also contributed to a “keeping up appearances” mentality, amplifying the pressure to hide financial troubles.

This stigma not only prevents people from openly discussing debt but also hinders them from seeking early support. Early intervention can be critical to managing and overcoming debt. Without it financial troubles can spiral, leading to compounded debt, mental health issues and even housing instability.

The Consequences of Financial Stigma

The stigma surrounding debt can affect people deeply and personally. Research shows a direct link between problem debt and mental health, with many individuals reporting feelings of depression, anxiety and even hopelessness. The cycle of debt can also damage relationships with family and friends, as well as strain employment due to stress-related absenteeism and productivity loss. This cycle has a broader societal impact too, increasing demand on mental health services and charities.

When people feel unable to discuss their financial struggles, they may turn to risky coping mechanisms, such as payday loans or credit cards to cover their expenses, which only deepens their financial burden.

Changing the Conversation Around Debt

Several steps can be taken to dismantle the stigma around problem debt and encourage open conversations:

  1. Normalising the Conversation: Debt should be seen as a common issue that can happen to anyone. Schools, workplaces and communities can foster environments where financial education and discussion are prioritised, reducing feelings of shame around the topic.
  2. Promoting Financial Literacy: Education can be a powerful tool in reducing the stigma around debt. By integrating financial literacy into school curriculums and community programs, people of all ages can learn valuable skills for managing finances and understanding debt as a manageable aspect of life rather than a personal failing.
  3. Support Services and Accessibility: A significant number of individuals struggling with debt are unaware of available resources. Ensuring easy access to impartial, confidential support services—such as those provided by Citizens Advice Scotland, Step Change, Money Helper and Money Advice Scotland—can help people feel more comfortable seeking help. Scotland already has some of the most supportive debt legislation in the UK, such as the Debt Arrangement Scheme (DAS) which is designed to help people manage and resolve debt while avoiding extreme measures.
  4. Involving Influencers and Public Figures: When prominent figures and influencers discuss their own financial struggles, it can help break down stereotypes and reduce stigma. Public discussions and media representation of problem debt can help to make debt seem like a less shameful and more manageable experience.
  5. Legislative and Policy Support: Government policies that support financial resilience and provide early interventions can play a vital role in reducing problem debt.
The Way Forward

By opening up about debt and normalizing conversations, we can build a more resilient society.

Breaking the silence around problem debt will not happen overnight, but the steps taken today can shape a brighter, more supportive future. We can help create a Scotland where debt is no longer a silent burden but a manageable challenge, faced openly and resolved together. Ending the stigma around problem debt is a shared responsibility that can lead to stronger communities and a healthier society—one where everyone has the opportunity to seek help without fear or shame.

If you're feeling overwhelmed by problem debt, reach out to our team of specialist debt advisers. They offer free, confidential, compassionate guidance to help you explore your options and find the right solution. Email advice@tcdebtsolutions.com or call 0800 046 3328.

Category: Debt Problems, DAS

About the author

Ian Brown

Ian Brown

Ian is an expert in the Debt Arrangement Scheme and Business Debt Arrangement Scheme, assisting individuals, sole traders and partnerships.

He also advises on personal debt solutions recommending the best option to resolve problem debt issues.

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