Definition of «financial difficulties»

The term "financial difficulties" refers to a situation in which an individual or organization is experiencing financial hardship, often characterized by insufficient funds to cover expenses and debts. This can be due to various reasons such as unemployment, unexpected emergencies, overspending, poor money management, or other factors that impact one's ability to manage their finances effectively. Financial difficulties can lead to stress, anxiety, and a range of negative consequences if not addressed properly.

Sentences with «financial difficulties»

  • As the debt landscape changes and client needs evolve, we plan to react to the emerging issues that people in financial difficulty face. (stepchange.org)
  • If you ran into financial difficulties in the past, you may not be approved for a credit card now. (ratesupermarket.ca)
  • Understanding good debt vs. bad debt would probably keep a lot of people out of financial difficulty in the first place, much like avoiding having to file for back taxes. (creditcarddebt.org)
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