Becoming debt free is a journey that plenty of people aspire to embark on, but taking the first step requires great courage.
On this week’s Money Clinic podcast, presenter Claer Barrett hears from a couple in their 30s who have each run up credit card debts of more than £10,000 ($13,500).
FT podcast: Starting your debt-free journey
Claer Barrett talks to listener Duncan about how to escape his credit card debts. Download here
Duncan and his partner found that the pandemic amplified their debt problems. Like millions of others, they were furloughed from work — getting 80 per cent of their salaries, but still having to pay 100 per cent of their bills. How can they get their finances back on track — and how could speaking to a debt adviser help them?
Chris Browning, the voice behind the US’s Popcorn Finance podcast, gives pointers for anyone starting their own debt-free journey in 2021, and debt advice specialist Alan McIntosh explores different solutions that people in problem debt could consider.
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