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