Debt
Debt
Total UK personal debt in February 2008 stood at £1,421 billion; this amount suggests that the majority of the UK population has incurred debts to some extent. In fact, the average household debt (excluding mortgage) is currently £9,100, and when mortgages are added, the figure is £57,050.
Debt worries can occupy your mind, keeping you up at night and damaging your performance during the day. If you have large debts that are worrying you it is never too late to seek advice and sort them out.
So, if you have found yourself slipping behind with debt repayments and in need of some help and advice, don't worry - we can put you in touch with our network of specialist debt advisors. Simple actions can solve debt problems, for example:
- working out a personal budget
- prioritising your debts
- working out payment schedules
We can help you with a consolidation loan, which puts all your debts into one place so it is easier to manage or, our advisors can help you set up a debt management plan such as an IVA or Trust Deed. These are arrangements agreed by you and your creditors which allow you to pay fixed monthly payments until you have cleared your debts.
If your debt really is uncontrollable, bankruptcy is also an option, but should only be considered if all other alternatives have been exhausted, because if you are in debt and you are not sure what to do next, the best option is to talk to a specialist and get some debt advice.
Our network of debt specialists are here to offer advice on your debts, no matter how bad it seems they will be able to help you work out the best course of action. If your debt is spiralling out of control, take action now, even if you are being threatened with court our advisors will be able to help, just click on the link below to set the ball rolling.
Alternatively click on debt advice advertising links below: