Is debt affecting your health?
Debt and Wellbeing
You are not alone
We understand that debt can accumulate for a variety of reasons and it is important you realise we are here to support and advise you. It may be that you've had a personal crisis such as a job loss, bereavement, illness, accident or injury. It may be that you've not been careful enough in your spending or just spent money you simply didn't have. Your debts may be large or they might be small. You may feel that you're constantly robbing Peter to pay Paul and going round in circles but getting nowhere.
The Effects of being in Debt
Being in debt may make you feel out of control and can summon up a whole range of emotions from feeling anxious or depressed to feeling ashamed or scared. Many people feel as though they can't face their debts and just want to hide away. You may even begin ignoring the official envelopes that fall through the door. If someone has ever suffered with any kind of mental health problem, being in debt may even trigger a relapse or 'bad episode'. For some people it can feel as though life isn't worth living anymore.
"If you recognise any of the feelings above or your debts are causing you any level of distress and are impacting on your emotional or mental wellbeing then we can help you take back control."
COVID-19 and Debt
If you work in the horseracing industry and have been affected financially by the Coronavirus, we are here to offer you monetary guidance and support. We understand that you may be experiencing a drop in income if you are self-employed, have been laid off or if you are a furloughed worker (your employer cannot cover staff costs). We are offering hardship grants and there are support measures in place from the government to help you and remember, if you work in racing, you are never alone; our welfare officers and advisors are here to help over the phone on 0800 6300 443.
Our Welfare Officers can support you to sort through your debts and identify which ones are the priorities. They can also put you in touch with specialist debt counsellors or advisors who can give you free debt advice and help you come up with a debt action plan to put you back in control. Our team are not here to judge you but want to listen and help. You can contact us by calling us on 0800 6300 443.
It is important to remember that there is always a solution to help you deal with your debts and to work towards being debt free. It will very often take commitment and some work on your part but it is possible. People often tell us that they feel an enormous sense of relief directly after seeking help.
If you're working or retired from the racing industry and feel as though you are struggling with debt, you can also find specialist sources of help at: