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Wellbeing

Is debt affecting your ability to concentrate at work?

Posted 16 September 2016

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If you’re unable to concentrate at work because of debt worries, make sure you get the help you need.

Everyone wants to feel they’re able to give their all when it comes to their job. Working hard and proving yourself can be very important when it comes to building the career you want, and reaching certain life goals that you might have. 

But what if you find yourself in a position where you don’t feel you’re able to fully concentrate at work because you have debts hanging over your head? If this sounds like you, we’re here to help put an end to the worrying distraction of problem debt. There’s always a way to solve problem debt, whatever led to you being in this situation in the first place. 

No matter how bad things feel now, you can work towards a point where you’re able to fully concentrate on the important things in life, like your career and relationships. 


The vicious cycle

Through our experience of helping people out of debt, we understand the effect it can have on the other areas of your life. When it comes to debt and worry, many people find themselves in something of a vicious cycle. Having debt you can’t pay back can make you stressed and distracted. This in turn means that you can’t enjoy life to the full and concentrate as much as you want to at work. You might then become worried about your performance at work, and find that your stress levels only increase because of this. 

If you feel under pressure at work, you might worry your job isn’t secure. If you were to lose your job, then your ability to make your repayments would suddenly disappear entirely. So it’s really no surprise that you might find it difficult to stop worrying with all that going round in your head. 

But it doesn’t have to be like this – there’s help out there. Let’s look at what you can expect when you call us. 


Breaking the cycle

The most important thing to do to break this vicious cycle is to get professional debt help. Don’t feel that you have to struggle on alone because it’s your debt. We know only too well that anyone can end up with debt they can’t repay and the longer you leave it the worse the situation will get. 

When you pick the phone up and speak to one of our advisors you’ll be speaking to someone completely non-judgmental and who understands the difficulties you’re experiencing. They’ll be able to look in detail at your situation and identify the right solution for you. Reaching out for help really can be the first step to beating debt and the anxiety that comes along with it. 

It might be possible for you to make changes to your budget and free up some cash to repay your debts. On the other hand, that might not be possible and in these cases a debt solution might be the best option. 

If you’re not sure exactly how debt solutions work, take a moment to look at the different ones available. There is a range of solutions, each designed to help in different circumstances so everybody in debt should be able to find a way to deal with the issue, whatever your situation is. 

Just knowing that there’s a solution out there might take a huge weight off your shoulders, and allow you to concentrate on your work for the first time in a long time. Many of the people we’ve helped talk about the relief they felt when they picked up the phone to talk to us for first time. 


Will a debt solution affect my career?

Part of the problem may be that you don’t want your employer to find out about your debt, as you’re worried it will put your career at risk. There are certain employers that won’t employ people who are insolvent – this means that you’re unable to repay your debts back. This only tends to be the case in jobs where you’re required to handle money, like an accountant, or jobs where you’re in a position of authority like a police officer. 

You shouldn’t let worries about what people may think hold you back from getting the help you need. If you give us a call, this is in absolute confidence and there’s no pressure to agree to anything there and then. And we’d never recommend a solution that puts your job at risk – we’d always take your current employer and your future aspirations into account. 


It can feel overwhelming – but you will come through it

We understand that debt is not just a financial problem. It has a knock-on effect on your relationships, sleep and how you function day-to-day. Not being able to cope financially can make you feel drained, scared, stressed, embarrassed, depressed or all of the above. 

We know from experience that no debt problem is too severe to be solved. Rest assured that if you seek expert advice and start the right solution for you, it will make things easier in the long run. There might be some changes that you have to make in order to start and maintain these solutions but working towards getting debt free is a huge step in the right direction and one that you won’t regret. 


Looking after yourself

As well as getting practical financial help, you need to make sure you’re looking after your physical and mental health as well. You may feel that money worries have taken their toll on your mental health and that depression and anxiety are now issues in themselves. Make sure to get an appointment with your GP to discuss your feelings and how to move forwards. There’s also lots of advice from the NHS concerning mental health, whatever the root cause of the problem. 

by Christine Walsh

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To find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money.