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Debt Help

If you need help with debt, then this is for you. It includes guides, tips, loopholes, experiences and everything else to solve your debt issues.

Finding information for debt help can be overwhelming. We have provided tips, advice and loopholes below to help answer your debt queries without leaving you overwhelmed.

Bailiffs

Bailiffs are individuals who are hired to collect debts from you. They have extra-legal powers when they come visit you regarding your debt.

How to Clear Your Debts

Writing off all of your debt(s) can be extremely hard for a number of reasons. There are debt solutions to accommodate different circumstances.

Reducing Your Debt

Managing debts can become tricky but there are a number of ways to get your debt reduced and make payments more affordable.

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Get out of Debt Plans

A debt management plan is one of the most affordable and flexible debt solutions that are available to debtors in the UK. However, it can be difficult to set up sometimes and there are certainly some aspects of it that many debtors get confused about. Have a read of these articles to find out more.

Debt Free Government Scheme

If you reside in the UK, there are a number of government schemes and debt solutions that you can take advantage of. Have a look at the below articles for more information.

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Council Tax Debt

Your local council has extra-legal powers which is why you should always treat council tax debt as a priority debt.

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Mortgage Debt

A mortgage is a loan that is taken out by someone who intends to use the money to buy property or land. The debtor then repays this loan over the course of a very long period. The typical duration of a mortgage is 25 years but it can be shorter or longer.

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Debt Charities

UK debt charities often provide a wide range of services including free debt advice and more.

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Credit Card Debt

Credit cards can be issued by banks, finance companies, clubs and some stores. I advise you to only use your credit card for purchases based on the cash you have in hand. This means you should try to only use your credit card as a convenient payment tool, not as a debt instrument.

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Statute-Barred Debt

If your creditor takes too long to take any action to recover their debt from you, then your debt becomes statute-barred. It technically does not mean that your debt is “written off” since it does still exist. However, it does become unenforceable. Read our articles for more information.

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Secured Debt

A secured loan is a loan that is tied to a valuable asset that you own. The debt you owe due to this loan is known as ‘secured debt’. If you start failing to make your repayments towards it, then your creditor has the right to take that asset from you in order to make up for the debt.

Write Off Debt

There are a number of debt solutions available in the UK that you can opt for if you’re struggling with your debts. Have a look at our articles below for more information on ways you can have your debt written off.

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More information on Debt Help

Still can’t find the answer to your question? Maybe these articles can help

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Debt Management Companies

There are some great debt management companies in the UK, but there are also some not so great ones. These articles will help you to familiarise yourself with these companies and help you figure out which may be the best to help you.

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Debt Collectors

There’s a chance you may be contacted by a debt collector if you’ve owed a debt for some time. It’s important that you know what your rights are and what a debt collector can and can’t do.

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