In Focus Consumer Credit
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Under tension For very many couples in financial
difficulty, relationships can struggle under the tension of keeping to a budget and repaying debts. Three quarters (76%) of our clients in
relationships said debt affected their relationship negatively, causing arguments for half (50%) and relationship breakdown for a quarter (26%). Katie got to a point where she considered
leaving Andy. “We were not a good influence on each other; we were kindred spirits in lots of unhealthy, dysfunctional ways,” she said. “When I found out that I was pregnant, I
knew something had to change, even if that meant splitting with Andy.”
Affecting the children Sadly, it is not only adults that face the strain of debt, 59% of parents said debt negatively affected their children. Debt can have a huge impact on home
life, which can also then affect school, detrimental to a child’s learning and development. Two in five (37%) parents said that
their children’s emotional wellbeing was affected and, most shockingly, one in 10 (11%) children were not fed three meals a day. Those facing the pressures of debt not only
have to deal with their financial situation, but also additional tension in relationships, the impact on children, resulting in a greater strain on mental health.
Three quarters (76%) of our clients in relationships said debt affected their relationship negatively, causing arguments for half (50%) and relationship breakdown for a quarter (26%)
Almost three quarters (73%) said debt
made them ill, and nine in 10 (89%) had sleepless nights due to debt. Shockingly, for our clients, debt caused
over a third (35%) to consider or attempt suicide as a way out of debt.
Taken over Katie and Andy had reached a point where their debts had taken over their life. They were being threatened with eviction, with no means to pay. They were arguing constantly and had a new-born baby. Getting in touch with Christians Against
Poverty (CAP) was a big step to overcome. However, it was the start of the journey to reconcile their relationship and repay their debts. With our help, it was found that 70%
of those struggling saw their relationships improve. We are well placed to support people in
their journey out of debt. Often managing the financial situation helps to resolve other problems surrounding the debt situation, such as relational tension, ill-health and low living standards. In 2017, we helped over 16,000 people
through our CAP Debt Help and additional services. Andy said: “In the time we had apart,
while CAP was helping us with our finances, we realised how much we loved each other. “We got married in 2017 and we could
not have done it without volunteers from CAP helping out.” CCR
26
www.CCRMagazine.com May 2018
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