Have a look at this month’s offer sheets including some of our latest models, top discounts, and new models – all available with the new registration plate!
Friday, 10 April 2026
MoneyHelper: Understanding debt and getting the help you need
A tough topic, but such a vital one to talk about, Debt Advice. Across the UK there are hundreds of thousands of people struggling with the burden of problem debt. Debt can be a taboo topic, difficult to talk to family or friends about, and many people are left feeling isolated and anxious, and many of them simply do not know where or how to reach out for help and support. This month’s article outlines some of the demographics around debt, signs to look out for and where to go for help. Please, do not suffer in silence, there is free and impartial, fully regulated support available. Let MoneyHelper support you on a journey a debt free future and more positive financial future.
When can debt become a problem?
• High Levels of Debt Relative to Income - One of the most obvious warning signs of a
debt crisis is when individuals have accumulated high levels of debt relative to their
income. This may manifest as a high debt-to-income ratio, where debt obligations
consume a significant portion of disposable income. When debt levels become
unsustainable and exceed the ability to repay, it can signal the onset of a debt crisis.
• Difficulty Making Minimum Payments - Struggling to make minimum payments on debt
obligations, such as credit card bills, loan instalments, or utility bills, is a clear indication
of financial distress. When individuals find themselves consistently unable to meet their
f
inancial obligations without borrowing more money or resorting to credit, it may signify
the presence of a debt crisis. Ignoring overdue payments or resorting to short-term fixes
can exacerbate the problem and lead to deeper financial trouble.
• Persistent Use of Credit to Cover Expenses - Relying on credit cards, lines of credit, or
loans to cover everyday expenses, such as groceries, rent, or utilities, can be a warning
sign of a debt crisis. When individuals consistently resort to borrowing money to maintain
their standard of living, it indicates underlying financial instability. Using credit as a
temporary solution to cash flow problems can quickly spiral into a debt crisis if not
addressed promptly.
• Decreased Savings and Emergency Funds - A decline in savings and emergency funds
can indicate that individuals are facing financial difficulties and may be on the brink of a
debt crisis. If savings accounts are depleted or emergency funds are non-existent, there
may be limited resources available to cope with unexpected expenses or income
disruptions. Depleting savings to cover daily expenses or debt payments can exacerbate
financial vulnerabilities and increase the risk of a debt crisis.
Is there anything which makes some individuals more vulnerable to debt issues than
others?
Individuals in particular circumstances and with certain characteristics tend to be over
represented in the population who need debt advice compared to the UK population as a whole:
• Under 35 years old
• In households with children and low incomes (73% have an annual household income
of less than £30,000 before tax).
• Most (61%) rent their home from social or private landlords and a further 28% own their
house on a mortgage. People needing debt advice are from ethnic minority communities
(31%), which make up less than 20% of the adult population as a whole.
• People needing debt advice also were more likely to have experienced an income shock
in the previous three years, like redundancy or a drop in earnings.
• A recent bereavement in the family
• Mental health problems
• Long-term or terminal illness
• Dementia or brain injury
• Difficulty in communicating, like:
a. Reading
b. Speaking on the phone
• Learning disability
• Relationship breakdown
• Addiction
Why is debt so taboo?
The stigma of debt and its negative emotions can be pretty debilitating and prevent people from
seeking the help they need to address their debt problem. The shame and the fear of debt often
leave people feeling alone and isolated. One of the aims of Debt Awareness Week in 2025 was to
break down this stigma and help people to start conversations about debt.
• Get clear on your debt - Before approaching your loved one, gather your thoughts and
facts so that you’re ready to answer any questions that they may have about your debt.
Taking time to gather your thoughts and understand exactly where you currently stand will
help bring you clarity and take stock of your current financial position. How much money
do you owe, and to who? Have you been keeping up with repayments? Are there any debts
that have progressed to debt collections? What have you done so far to tackle the debt?
• Understand what you need - What do you want to get from this conversation with a loved
one? Is it support in coming up with a plan to tackle the debt? Is it an accountability
partner? Are you in need of financial advice? Be clear on your needs so that when you
initiate the conversation with your loved one, not only can you share your situation with
them, but you can also tell them how they can support you on your journey.
• Find the right time - It’s challenging to initiate a conversation about debt, and there is
never really the “right time” to start the conversation. That said, while there isn’t a right
time to have the conversation, there’s undoubtedly a wrong time. Find a private space to
talk, ensure you’ll have sufficient time for the conversation, and also choose a time when
you’re on good terms.
• Keep it real - When speaking to a loved one, it’s natural to want to protect them from the
truth; however, doing this will not help you in the long run. Be open and transparent and
share the complete picture of your debt with them. This will give them a full view of where
you are and equip them to support you. For example, the advice a loved one may give you
if you’re in £5,000 debt may be significantly different from the advice they would give you
at £25,000. Don’t share a partial truth.
MoneyHelper is here to help you and your families with any worries or concerns relating to problem debt Please do not suffer in silence
What support is available for people struggling with their existing debt?
Speak to a free debt adviser - Use our Debt adviser locator tool to find free and confidential debt
advice online, over the phone or near to where you live. A debt adviser will:
• treat everything you say in confidence
• never judge you or make you feel bad about your situation
• suggest ways of dealing with debts that you might not know about
• check you’ve applied for all the benefits and entitlements available to you.
Debt Advice Locator Tool
www.moneyhelper.org.uk/en/money-troubles/dealing-with-debt/debt-advice-locator
It’s important to get free debt advice if you’re worried you’ll miss a priority payment, have already
missed one or are facing any emergency issues.
Other organisations who can help - Citizen’s Advice, StepChange, Christians Against Poverty.
Breathing Space
• Breathing space is a government scheme which is designed to give you time to
receive debt advice and find a solution to sort out your debt problems. There are
two kinds of breathing space.
• Standard breathing space is where most creditors will have to stop collection
and enforcement of your debts. Creditors will also have to freeze interest and
charges on any eligible debts. See the Which debts can be included in breathing
space? section.
• Mental health crisis breathing space can provide extra protection for people who
are receiving mental health crisis treatment.
• To be eligible for standard breathing space you need to meet the following
criteria:
o you need to live in England or Wales.
o you must be unable to repay some or all your debts ‘as they fall due
o you must not be in a DRO, IVA or be an undischarged bankrupt; and
o you must not have had breathing space in the last 12 months.
You will need to apply for standard breathing space through an approved debt adviser. Your debt
adviser must agree that:
• you need time to get debt advice; and
• you are likely to enter a debt solution.
Warning - steering clear of inappropriate debt advisors
Poor debt advice is pulling some people into inappropriate IVAs. Individual Voluntary
Arrangements (IVAs) are a type of fee-charging debt solution, widely marketed to people with
unmanageable debts. Whilst in some circumstances an IVA will be the most appropriate debt
solution for someone’s situation, they are risky remedies that attach high fees, and where people
are unable to keep up with repayments, they can fail leaving people in a worse position than they
started.
Although they can be a welcome solution for people who want to protect their assets, like their
homes, IVAs are unlikely to be suitable for people with low levels of debt, people without much
disposable income, or people whose income solely comes from benefits. We're seeing worrying
trends of companies making false claims about IVAs, especially on social media platforms, and
even posing as charities … these tactics can lure people into IVAs which they simply can't afford.
Exclusive webinar invitation - Financial Inclusion in the Public Sector, by Serve + Protect Credit Union
We are pleased to invite you to an exclusive webinar on Tuesday 28th April 2026 at 13:00
Discover the key insights from our 2026 Financial Resilience Survey, which generated responses from 7,647 Serve and Protect members from January to February 2026.
In this webinar we break down the findings of the survey to uncover the common financial challenges facing public sector employees in 2026. From difficulty accessing responsible financial products, to preparing and coping with financial emergencies, you will be equipped with the knowledge of what is impacting your people today.
Don't miss this opportunity to better understand and support your colleagues.
April is the Month of the Military Child – get involved!
April is the Month of the Military Child – an annual initiative to recognise and celebrate the remarkable children and young people in our Armed Forces community.
This campaign is led by the Education Policy Team within the Defence Children Services (DCS), who are responsible for the equality of delivery, support and outcomes of education and safeguarding for Service children and MOD entitled civilians in accompanied postings overseas.
Serve and Protect Credit Union Cash ISA 2026/27 - Guaranteed Tax-Free Return of 3.85%
Serve and Protect Fixed Cash ISA | Guaranteed Tax-Free Return of 3.85%
Serve and Protect Credit Union have launched a Fixed Cash ISA for the 2026/27 tax year giving employees within the Police, Prison, Military, Fire and Health Services the opportunity to earn a guaranteed tax-free return of 3.85% AER (Annual Equivalent Rate).
· Minimum effort, maximum return: Start depositing from as little as £5 and up to a maximum of £20,000 for the 2026/27 tax year.
· Attractive returns: Enjoy a guaranteed tax-free return of 3.85% AER, allowing you to earn more from your savings effortlessly.
· Safety assured: Rest easy knowing your savings are protected up to £120,000 by the FSCS (Financial Services Compensation Scheme).
For people, not profit.
Serve and Protect Credit Union prides itself on being more than just a financial institution. As a not-for-profit, by opening an account, you can make a real impact to the lives of those who serve and protect our nation. Your support provides crucial funds to help fellow colleagues seeking affordable credit.
For more information or to apply please visit: Serve and Protect | Tax-Free Savings with a Fixed Cash ISA
Wednesday, 8 April 2026
Forces Cars Direct: April Car Offers – Save on Your Next Vehicle
Good Afternoon,
It’s April, and there are some fantastic offers available to you this month, including the brand new Jaecoo 8 with a saving of £9,619 and the Nissan Juke with a saving of £5,251.
Our team is on hand to help you make the best decision when choosing your next new car and to guide you through the exclusive savings available.
To view all of this month’s offers, please visit the link below: https://www.forcescarsdirect.com/special-offers/monthly-offers
Forces Employment Charity: Spring into new opportunities
In this edition, we’ve got plenty to help you explore what’s next, whether you’re curious about getting into tech, thinking about a fresh start in manufacturing or logistics, or simply want to stay connected with what’s happening across our community. We’re also proud to share that nominations are open for this year’s Heropreneurs awards, celebrating the exceptional talent, ambition, and impact of the UK’s Armed Forces entrepreneurs. Read on and book your next career-changing event...
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Tuesday, 7 April 2026
April’s Quest magazine is out now
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