Debt is a growing problem in the UK* but could be sorted out with expert help and advice, which is why Fairinvestment.co.uk is promoting its debt management service, which could help Brits reduce their debt and become debt free in no time at all.

According to money education charity, Credit Action, total UK personal debt stood at £1,456billion at the end of November 2008, making the average household debt in the UK £9,600 excluding mortgages and £59,670 including mortgages, numbers which could be reduced with some help and advice.

What better time to make debts a thing of the past than a new year? Dieting and giving up bad habits are high on people’s priorities after festive overindulgence, yet finances are hard to ignore this year as news of the credit crunch and recession continue to reach the front pages.

Commenting, Fairinvestment.co.uk’s chartered financial planner Sharon Bratley said: “January is a great time for people to get on top of their finances following the cost of Christmas. Debt is something that should not be ignored so the sooner people face up to it the better and starting at the beginning of a new year when people are more focused means that they are more likely to succeed in dealing with their debts.

“Speaking to an expert could really help when it comes to organising and paying back debts. Whether you need debt advice, a consolidation loan, an IVA or bankruptcy, our experts could help you choose the best path for you and your personal circumstances.”

Rather than losing sleep over debt problems, try out Fairinvestment.co.uk’s debt management service today. Fill in one simple form and discuss your circumstances with an expert before making steps towards becoming debt free.

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* Statistics compiled on January 2 2009 by Credit Action