Saturday, December 9, 2017

Shirt Buttons

Apart from food and a roof over our heads, money is an important factor in everyday life. Sometimes we don't realise this, as it is programmed automatically within us through a process. At the end of each week or month from a paid job or benefits, we pay our way, as we eat, breath and sleep. It isn't until the movement of the financial pendulum, suddenly turning into a chaotic motion, that brings us to understand that there is a problem.
Shirt Buttons - When it's all the money you have!
The glamour and enticement of obtaining credit through finance or retail outlets are all too easy and straightforward. Only the creditor can see the potential with ample amounts of an annual percentage rate, which can vary so much between banks and lenders. If we can't afford to pay off the full amount each month, we pay the minimum and get charged interest as a result. It's always been this way, especially with insurance policies. " You can't pay the full policy in advance? That's no problem, pay it over 11 months with a deposit we'll charge you extra! " - It's too late! They've stung you without even realising it!

And through desperation, we turn to credit when everyday bills rise and the rent or mortgage is due. Some say the saddest thing, is when credit is used to buy food or a food bank is relied upon just fill an empty stomach. We do what we need to do, in order just to survive!
  Debt is now all too common, it's ridiculous!

And so, for me, I fell into secondary debt through a loan and credits cards which had built up over many years! It bit me like a rabid Dog or a frenzied Shark swimming the perilous seas, as I drowned with no sign of surviving. But there is always hope and it starts with asking for help from one of the many debt advice charities and organisations. I took my first brave step and contacted Christians Against Poverty (CAP) in April 2017.

Throughout the duration of being in debt, the creditors wrote letters and phoned pretty much constantly. The phone calls must have been well over 200 times across several months, which seemed a real waste of energy and my circumstances hadn't changed at all. From day one, I suffered from crying, sleepless nights, stress, depression, lack of appetite and experienced scary types of anxiety attacks, which involved dizziness and vomiting! Each and every step has been taken seriously which is no wonder why I have felt so tired and exhausted. It really does hit you hard and to think there are some out there in the big wide world that commits suicide as a last resort to finding a way out. It is so sad, it's frightening for someone to follow that path! Life is so precious and a person with that frame of mind taking their final decision is very hard to comprehend. I did ironically attend a stress and anxiety course through Talking Space Plus in June 2017, which was very beneficial. Even though the accumulation of anxiety had been building up before and after the course.

During my amazing debt support with CAP, I attended a money course where I learned lots of new and useful ideas on how to budget and save. You then begin to realise that one of the bases of credit in some ways, is to get what you want quicker! Rather than taking the more sensible route of saving and waiting. We tend to live in a utopian world of credit which is sadly classed as the norm nowadays.

I have also learned that there are two main types of debt, primary and secondary. Primary covers; mortgages, rent, local taxes, utilities, cable, and satellite etc. Secondary covers, loan, credit cards etc. Although both types of debt aren't good to fall behind with. Primary carries the most serious consequences with secondary the lesser. So, it is very important to ask for help when the moment everything financially becomes difficult.

One of the most difficult things is to speak up about debt. It's far too easy for some to be judgemental and shame a person for their situation. The ignorance and reaction can be detrimental to persons well being and mental health. It is one thing being in debt, but to be mocked and ridiculed, is another thing altogether!

My end to debt has closed with going insolvent with my fee paid for by kind charities and donations known through CAP. It now means that I have a fresh start and even though my credit score will be affected for six years, I will no longer have to carry the weight of financial pressure and can live a normal life again.

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