About Debt Helpline UK
Debt Helpline UK 0800 081 1818
If you're struggling with debt, no matter how bad the situation seems there's plenty of free advice available to help you with your debt solutions.
Almost everyone owes money bills are a fact of life. But sometimes you may find you're swamped with debts and can't see a way of paying them all. The worst thing you can do is to ignore the problem it won't just go away.
If you're thinking about taking out a single loan, debt consolidation to pay off all your existing debts, make sure you're not simply taking on more debt. Check that the terms of the loan interest rates and length of the loan, for example aren't too harsh. Be very careful about taking out a loan secured on your house as it will put your home at risk.
If you know you can't pay all your debts, its important to prioritise your debts and to write to your creditors to see if you can agree on a repayment timetable.
An informal arrangement isn't legally binding, so your creditors could ignore it later and ask you to pay in full, get expert advice.
There are options available including Debt Management, IVA, Bankruptcy you will need to explore all the solutions before you decide which road to go down.