1 in 4 people in the UK are in danger of falling into financial difficulties - a single shock like their car breaking down will result in them falling behind on bills or credit payments. We explain when you’re most likely to get into debt and the steps to take to get out of it. You are not alone. For free advice, which we can’t recommend enough if you’ve got debt problems, please check out StepChange: https://www.stepchange.org/. By the way, Damo refers to the Consumer Credit Counseling Service in this episode. They are now called StepChange. This is the site Damo mentions (What’s The Cost) but so you know, it’s a slow and old school site: https://whatsthecost.com/. ✉️ Newsletter: If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/ep9. 🎉 Sponsors: Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.