For some this may be an option but the impact on a person's lifestyle would be significant and for those married with children, it is far from ideal - assuming the parents actually allow it!
This could severely impact on family life and it may not be easy to find somewhere affordable in the current housing environment where you will be happy.
Seeking financial advice from a professional is often a good idea. Arguably too many people decide to go it alone but it's best to speak to an adviser before your circumstances change. Otherwise the words 'horse', 'bolted' and 'door' might spring to mind.
Find out what benefits your employer provides you with - you might be surprised. Of course, talking to your boss about illness might not be easy, so many companies provide online information and helplines.
The days of the local bank manager and personal service is rare nowadays but alerting them to any financial difficulties you have is important if you are having trouble repaying loans. Banks also offer a range of insurance products, which may also be worth considering.
Some people may feel like this is their only option, but there are a variety of safety nets that should prevent this happening.
Not advisable under any circumstances!
If you have to borrow it's best to try a reputable lender that isn't going to charge a fortune in interest.
The Steptoe and Son style collector and vendor of junk died out about 30 years ago, so you could say there's a gap in the market! However, there are several free professional services to turn to for advice first.
Free and impartial money guidance available online, over the phone and face to face through a UK-wide network of Money Advisers. Their website also has a range of tools and calculators to try.
Campaigning consumer body has been a trusted voice for many years. It offers several services including the Which? Money Helpline, a free service for all Which? members, providing one to one help and guidance on any personal finance matters over the telephone. To become a Which? Member requires a small fee to be paid.
A registered charity that provides free, independent, confidential and impartial advice to everyone on their rights and responsibilities on a range of topics, including some personal finance issues.
This is the place to find a local, qualified financial adviser. Some advisers will charge a fee although an initial conversation will often be free of charge. Commission still exists for insurance policies so there may not be a fee at all, even for advice.
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