Debt Advice

Struggling with debt? Can’t even make the minimum payments on your loans and credit cards? Here’s two reasons why you shouldn’t worry:

1) You are not alone. There are thousands of people right now in the same situation. There are also thousands who have successfully come out the other side, clearing their debts & making a fresh start. How did they do this, you may ask? That brings us to reason number 2:

2) Debt advice. The reason that many people have been able to regain control of their finances is because they sought out debt advice as soon as they realised they had serious debt problems.

The worst thing you can do is to bury your head in the sand & hope the problems will go away. They won’t. In fact, they’ll only get worse & eventually you could end up bankrupt! By seeking out debt advice now, you can avoid such a serious outcome and the consequences & stigma associated with it.

“Ok. So I’m not worried anymore. But what now? What kind of debt advice
is available?”

There are numerous debt companies, government institutions & charities offering various forms of debt advice. The intended result is the same – to see you debt free, but the methods to achieve this are vast.

You could, for instance, opt to sort out you finances yourself. You can get advice to help you negotiate with your creditors, sample letters to send & money saving tips to help you cut back. You may decide to get a debt consolidation loan, in order to combine your debts into a more manageable amount. This solution has been successful for many people. Another option is an IVA. More and more people are turning to IVAs as a solution & successfully clearing their debts.

The method you choose is entirely up to you. Your circumstances & the amount of debt owed will dictate the best solution for you. The key is to do something about it. Don’t ignore your problems – act on them now & get on the road to debt freedom!

You can start by reading some of the helpful articles on this website. Use some of the helpful links below to get started.

Helpful debt advice links

Debt management plan
Negotiating with creditors
Debt consolidation
Debt management DIY

Remember, Debt Advice 4 Free is a completely free, impartial service. Although the information on this website is provided by industry experts, it should never replace the advice of a debt adviser who understands your individual circumstances. You can visit the directory section of this website to find a list of companies offering these services.

What is debt consolidation?

Debt consolidation simply means replacing multiple loans with one new loan. If you have debts with different creditors, you can combine them into one loan using a debt consolidation loan.

Find out more about debt consolidation here >>