Posts tagged ‘debt advice’

When you find yourself in serious debt, it is not unusual to feel like you are the only person in this situation. You may look around and think that no-one else appears to be having your problems, but you are not alone! Over 2 million others are in exactly the same situation, and usually through no fault of their own. People get into debt for all sorts of reasons, including marriage break-ups, job loss or illness.

Once you get into the situation where you owe more than you can afford to pay back, it can seem impossible to find a way out, but there are ways to get your head above water once more and take back control of your life. There are various sources of debt assistance open to you, and the best route to take will depend on your particular circumstances.

Do not borrow more money to pay debts off unless you have seriously considered the alternatives available and decided that is the best course of action. With some assistance and advice you can assess your situation for yourself and perhaps put a plan in place that will not involve increasing your costs above what you already owe. Make sure any debt advice you get is unbiased and comes from someone who is not trying to sell you something!

Continue reading ‘Ways To Pay Off Debt – A Step By Step Guide On How To Get Rid Of Debt’ »

Business debt has emerged as an enduring and serious issue over the last few years, with over 16,000 UK firms entering liquidation last year alone. Personal debt has also grabbed the headlines recently, standing in the UK at £1,452 billion by end January 2011- more than the GDP for the previous year. The rise in debt has unfortunately been accompanied by the growth of an entirely unsavoury industry – the bogus ‘debt advice’ firms. Instead of offering their ‘clients’ reliable debt help, these firms exist to channel their enquiries into whichever solution provides them with the most profit. Our guide here gives you some tips to help you identify which firms provide this kind of dangerous so-called ‘advice’. Continue reading ‘Avoiding Bogus Debt Advice’ »