There are lots of different factors to consider when giving the best debt advice, including how much you owe and to how many creditors, whether you own a home, what type of debt it is (eg. secured or unsecured) and much more.
We have tried to lay out in the most clear and concise manner when each kind of debt solution is most appropriate, what the advantages and disadvantages are, and how they work. We strongly recommend that you contact our experienced Debt Counsellors for expert debt advice before you make any decisions though, it's a free service and you can get in touch for free as well!
We have tried to lay out in the most clear and concise manner when each kind of debt solution is most appropriate, what the advantages and disadvantages are, and how they work. We strongly recommend that you contact our experienced Debt Counsellors for expert debt advice before you make any decisions though, it's a free service and you can get in touch for free as well!
Debt Advice 
The debt solutions that are
available include:
available include:
Budgeting
One of the main ways that people get in to trouble with debt is by not having a budget. If you don't know exactly what your income is and what your expenditures are then it's easy to end up not having enough money to pay all of your bills. As well as getting free debt advice here, you can also request help with budgeting and money management. This should help to avoid future debt problems, and is also essential when coming up with debt solutions.
Before coming up with the best debt solution for your situation, it is going to be necessary to know what your budget is so that it's clear how much you can afford to spend on your debt. Any information that you give to us in order to get advice on debt will be treated as private and confidential.
BUDGET
How to Make a Budget
Although budgets can get quite complicated, for most of us they are actually very simple. All that is required is that you list
All of your income sources, and All of your expenditures.It will then be easy to see whether you are spending more than you are getting in every month (a budget deficit) or if you are getting in more than you are spending (a budget surplus).
It's a good idea to create a monthly budget, as this is how often debt usually has to be paid. You should also take in to account one off expenditures, for example Christmas, and save a little each month in order to afford it.
For help creating a budget, contact us for free budgeting and debt advice.
ESSENTIAL
What are Essential Living Costs?
If you're spending more than is coming in every month then it is important to prioritize what you pay for. You will want to make sure that you are at least keeping up to date with essential living costs, such as:
Rent or mortgage payments,
Groceries shopping,
Utility bills.
Other priorities include:
Tax and National Insurance,
Child maintenance,
Secured loans.
If you're spending more than is coming in every month then it is important to prioritize what you pay for. You will want to make sure that you are at least keeping up to date with essential living costs, such as:
Rent or mortgage payments, Groceries shopping, Utility bills.Other priorities include:
Tax and National Insurance, Child maintenance, Secured loans.CONTACT US
If you would like budgeting advice, then please feel free to get in touch. After working out your budget we will be able to offer the best debt advice for your situation.
DEBT
How to Budget Debt Payments
There are a number of debt solutions which you can find on this site, or contact us for more information or for general debt advice. In order to ascertain which will be best solution for your situation it will be necessary to know what your budget is.
Creditors understand that sometimes situations change, and you are no longer able to afford the loan. In many situations you will be able to negotiate a Debt Management Plan (or we can do so on your behalf) so that you are only paying what you can afford every month.
To work out how much you can afford, you will have to work out a budget. After taking in to account the essential living costs, and other priorities that have to be paid in full, you will know how much you have available to pay unsecured debt.
We are available to help you work this out with free debt advice.
There are a number of debt solutions which you can find on this site, or contact us for more information or for general debt advice. In order to ascertain which will be best solution for your situation it will be necessary to know what your budget is.
Creditors understand that sometimes situations change, and you are no longer able to afford the loan. In many situations you will be able to negotiate a Debt Management Plan (or we can do so on your behalf) so that you are only paying what you can afford every month.
To work out how much you can afford, you will have to work out a budget. After taking in to account the essential living costs, and other priorities that have to be paid in full, you will know how much you have available to pay unsecured debt.
We are available to help you work this out with free debt advice.