For an accountant, being in debt can be tough – surely, those who handle money professionally shouldn’t end up in financial difficulty? However, we know this isn’t always the case, and that just like everyone else, both full and part-qualified chartered accountants can suffer from problems with debt.

Having debt isn’t unusual. Be it through rising cost of living, overdrafts or unemployment, many of us accrue debts that can sometimes get out of control or begin to feel unmanageable. Chartered accountants can also fall prey to these challenges. As a part-qualified accountant, for example, you may have student loans to pay off or credit card debt.

The problem is that when this happens, it can be difficult to admit, with fears abounding that it might reflect badly on their professional reputation. At CABA, we often see this stigma preventing members from seeking help until things escalate out of control.