Other Debt Management Options

Welcome to our other debt management options page. Here you will find a list of other options you have available to apart from a debt consolidation loan.

Free Debt Management.

Free debt management is an option which is open to everyone. Most towns in the U.K have citizens advice bureau which will help you with managing your finances. They will ask you to complete a form which details your income and expenditures and then go through it with you working out how you can save money each month. They will also be able to give you other good advice and will offer support for you in your time of need. It is recommended that you take this approach before anything else. Also bear in mind that debt problems are serious and you will have to make sacrifices by going down this route, if you smoke or play golf etc be prepared to pass these up in pursuit of debt reduction. You can find out more about the free debt management options available by phoning any of the numbers below:

• THE NATIONAL DEBT LINE : 0645 500 511
• CONSUMER CREDIT COUNSELLING SERVICE : 0800 138 1111
• MONEY ADVICE ASSOCIATION : 0207 489 1800
• CITIZENS ADVICE BUREAU : 0207 833 2181
• BANKRUPTCY INFORMATION : 01482 658701

We recommend the above organisations and advise you to phone them to get more information on debt problems and debt advice for your situation.

Paid Debt Management

Paid debt management companies are evolving fast in todays debt ridden enviroment. These companies charge you a fee or percentage of what money they can save you. They will contact the credit card companies or people you owe money to on your behalf and negotiate new terms for you. An example of this could be that if you owe money on a credit card and are paying it back at a rate of 25% they may even be able to freeze the interest on this card temporarily until you are better able to pay. This is fine and good but it will damage your credit rating substancialy making it difficult to get a mortgage or loan in the future. To see a group of companies who specialize in paid debt management please click here.

The above two solutions are the two main ways to get help with your debt problems though at the end of the day the solution lies in your own hands. Please also read our ways to save money section here.

Bankruptcy

The last resort. For more information on this please phone 01482 65870

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Random Loans Fact

Debt Consolidation Guide

Help

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

All loans subject to status in the UK to home owners aged 18 and over and may be secured on property.

OUR TYPICAL, VARIABLE RATE IS 10.9% APR. RATES RANGE FROM 7.25% APR to 27.60% APR

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