Breaking the Stigma: Debt Awareness Week 2025

No one should be judged for being in debt. Yet, for many, stigma and fear prevent them from seeking the support they need. This Debt Awareness Week (24-30 March), Boom Community Bank is joining the conversation to break down the barriers that stop people from getting help.

Why Does Debt Stigma Exist?

Debt can happen to anyone. Life events like job loss, unexpected expenses, or rising living costs can make it hard to keep up with payments. However, many people feel ashamed to talk about their financial struggles because of negative stereotypes surrounding debt.

Movies, social media, and news reports often portray debt as a personal failing rather than a reality of modern life. This leads to feelings of embarrassment, anxiety, and isolation—making it even harder to take the first step towards financial support.

Starting the Conversation About Debt

Talking about money problems can feel daunting, but opening up is the first step to finding solutions. If you're struggling with debt, remember the TALK approach:

• Tell the right person – a trusted friend, family member, or financial advisor

• Allow yourself time to process and take action

• List your key concerns and seek guidance

• Know that help is available, and you're not alone

How Boom Community Bank Can Help

At Boom Community Bank, we believe in financial inclusion, support, and non-judgmental lending. We’re here to offer practical solutions to help manage debt and regain financial stability. Whether it’s through ethical lending or savings plans we’re committed to helping our members take control of their money.

If you're feeling overwhelmed, there are free resources available, such as StepChange Debt Charity, which provides expert online debt advice.

Take the First Step

Debt Awareness Week is the perfect time to start the conversation, challenge debt stigma, and encourage positive change. If you're struggling, reach out. There is help, support, and a way forward.

💬 Want to know more about how Boom Community Bank can support you? Contact us today to learn about our responsible lending, payroll savings schemes, and financial support services.