How to prevent getting into debt

Mhari Aurora
·1 min read

For many, debt is inevitable if we want to buy a house, go to university, have a credit card, or get a loan.

But getting into debt can be a stressful, even frightening experience, if we don’t keep on top of our repayments and track what money we have coming in and out.

The coronavirus pandemic has led to job losses, and in some cases, pressure on savings, and many households have found themselves in debt to deal with the impacts of the pandemic.

In 2020, 1.2 million people in the UK were in severe debt, but there are some simple steps you can take to get out of debt and stay out.