Top tips from our Employment Consultants
Our Employment Consultants work closely with veterans to work through any challenges they may be facing. Here are some of their tips for any veterans who may be struggling with debt:
- Don’t be afraid of debt, tackle it head on and get the right advice from the experts. See links below.
- It’s useful to make a list of essential bills like mortgage/rent, heating, water and food, and if payments are getting behind speak to the payment organisation as soon as possible.
- It’s helpful to know your legal rights. Your Local Citizens Advice Bureau may hold clinics for money management.
- Work on tackling the debt first before improving your credit score. Once the debts are being addressed through an affordable repayment scheme or bankruptcy, it will be easier to focus on other things.
You can also contact your local authority for advice about saving money on energy bills and information on local grants or schemes you may be entitled to.
There is a lot of support out there from a national and local perspective. Military charites such as The Royal British Legion and SSAFA offer financial support, as too does debt support charity Step Change.
Steve seeks support to weather the storm
After serving a full 23 years in the Royal Navy, Steve enjoyed a successful career in the NHS until alcohol, depression and debt took their toll. With support from The Poppy Factory, in partnership with the Royal Navy and Royal Marines Charity, Steve was able to find a new job close to home in Portsmouth, helping others who face their own struggles with mental health.
Steve said: “I was £25,000 in debt with no job, and I was in deep trouble. There was no choice but to go bankrupt. I thought to myself, what are you doing? You’ve got no job and no life, now get your act together. After a year of sorting myself out, I wanted to get back into work because I’ve still got years ahead of me.
“I’m not in debt any more and I’ve been dry since June 2019, so at the moment I’m quite happy with the way things are going.”
More you might like
- Find out about our employment support
- Read inspiring stories of veterans we’ve supported
- Make a donation and support a veteran on their journey into employment