If you’re struggling with debt, you’ll know that it is more than a financial issue. As a psychotherapist, I work every day with people who have ended up in problem debt – debt that is a struggle to manage or pay back, leading to a spiralling financial situation. I’ve seen firsthand how often debt has roots in deeply emotional issues – and I’ve witnessed its emotional consequences.
Many clients have told me they associate debt with being ‘disorganised’ and feeling ‘irresponsible’. They feel shame about what their debt ‘makes them’ and fear that seeking help will lead to them being judged negatively. As a result, even talking about it becomes difficult. Of course, debt can result from irresponsible behaviour, but…