Summary
Overwhelming costs from poor health is one of the most common place reasons for people looking for debt advice.

As in times of chronic illness people are unfit to earn or are dependant on state benefits, income deficits can magnify debt problems in several ways. Stress caused by debt is in itself a major contributing factor to health problems.

Examples of advice consumers are asking for includes: Free Debt Management Plans , Protected Trust Deeds, Individual Voluntary Arrangements (IVA’s), bankruptcy advice, administration orders, general money advice and budgeting advice, Protected Trust Deeds, Individual Voluntary Arrangements (IVA’s), administration orders, general finance management and budgeting, Free Debt Management Plans
Debt advisers generally spend more time with clients burdened with debt from ill health because they appreciate the particularly taxing times they are experiencing. There aim is to free people from the strain of debt problems and destroy debt.

The reasons for debt during illness are many and varied. The usual factors that lead to debt problems for those suffering from poor health are as follows:-

• The rate at which their income has fallen.

• When you are sick you tend to neglect finance issues.

• It can be more difficult to resolve debt problems with clients whose health is deteriorating.

• Some clients get into money problems because they have increased costs related to their poor health.

• Respite care can be expensive.

• Debts can be stacked up by the additional cost of transport for treatment.

• Repaying debts can dramatically lower the households disposable income and the reduction in profits due to sickness, makes the circumstances even worse.

• The illness may mean that carers have to be hired.

• The situation can be exacerbated if the primary earner job is physical. It makes getting back to work take that bit longer.

• Similarly, problems related to mental health may force people to be off work for particularly long periods.

If you have to acquire a new job many more difficulties develop. Although there are strict employment laws in the UK, some people with poor health often develop debt issues because they’re unable work normal hours. For those with long term health issues, dependency on state benefits will make their financial issues much difficult to resolve. The problem is that many people suffering from health problems do not qualify for any Disability Living Allowance.

So what can be done? If you’ve already gotten behind on your debts, your creditor will normally suggest ways to pay off your arrears gradually, in parallel with your usual payments. And if you’re unable to pay these extra payments, you could possibly append them to your loan or delay them for a time. It will mostly depend on your credit history. So pay as much as you can each month. Keep up frequent payments even if you have to vary them as this shows that you are reliable then your creditors are more likely to treat you sympathetically and you could might reduce the arrears charges as well.

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