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Debt help and advice about debt
Recognising that you have a problem is the first step. If your debts are becoming a problem then you need to act as soon as possible before it gets worse, and before court proceedings if possible.
How can I get out of debt?
Put simply, you need to reduce your expenditure so that it is smaller than your income, or increase your income so that you can service your debts and pay them off over a period of time. Or a combination of the two. However, in most cases this is simply not possible and in these circumstances you should consider getting professional help. We can assist you free of charge with the following potential solutions:
If you feel that you can cope on your own, think about doing some or all of the following:
- Draw up a personal budget to work out how much you have to pay out on all your essentials and make sure you have these covered.
- Make sure all your priority bills are being paid, e.g. mortgage/rent, gas, electricity, water and council tax.
- Try to avoid expensive credit offers in shops, no matter how tempting they may seem. They will only add to your debt problems in the long term.
- Explain to your creditors your situation and try to negotiate a reduced payment scheme and even writing off some of your debt. NB. This will have a negative impact on your future credit rating.
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