Debt Solutions

Compare different ways to tackle unmanageable debts and get back on track. Options include bankruptcy, IVAs, consolidation loans, and debt counselling services.

All You Need to Know About Declaring Yourself Bankrupt

Here's how bankruptcy works and what happens when you declare yourself unable to pay your debts.

Applying for an Administration Order as a Solution to Debt

An administration order lets you combine multiple debts into one monthly payment through the court, stopping collector contact and freezing interest.

Are Debt Consolidation Loans Right for You?

Consolidation loans can lower your monthly payments, but they only work if you stop using your cleared credit cards and avoid running up new debt.

Arrange Your Own Debt Solution with Creditors

You can work directly with creditors to arrange a debt repayment plan and avoid debt collectors taking over your case.

Avoid Debt Clearing Scams

Debt clearing companies often use cold calling and false promises to trap desperate borrowers into paying hefty upfront fees for little actual help.

Avoiding Viable Debt Solutions Due to Debt Stigma

Shame around debt is stopping people from getting help they need, even when better solutions are available.

Clearing Christmas Debt Quickly

Pay off high-interest credit cards first to avoid mounting interest charges after the holiday spending spree.

Debt Solutions Available in Scotland Only

If you live in Scotland, you have debt options like Protected Trust Deeds and Sequestration that aren't available elsewhere in the UK.

Financial Sacrifices to Reduce Debts in One Year

Cut back on entertainment, subscriptions and extras for a year to pay down debt faster and save on interest charges.

Getting Into Debt and Your Consumer Rights

Know your consumer rights when taking on debt and who to contact if a lender treats you unfairly.

Individual Voluntary Arrangement (IVA)

An IVA is a legal agreement with creditors that lets you avoid bankruptcy while keeping your business or property.

Pre Paid Credit Cards

Prepaid credit cards let anyone spend their own money without credit checks or interest, working like regular cards once you load cash onto them.

Preventing Enforcement

Stop bailiffs and debt collectors in their tracks by understanding your rights and negotiating affordable repayment options.

Quick Fix Debt Solutions

Several free debt help options exist if you're struggling with serious debt problems and need professional advice.

Quick Ways to Clear Credit Card Debts

Pay more than the minimum on your credit cards to cut interest charges and eliminate debt faster.

Remortgaging, a Good Way to Clear Debt?

Use your home equity through remortgaging to pay off debts and potentially lower your mortgage interest payments.

Rules to Follow to Become Debt Free

Get practical steps like cutting credit cards and making sacrifices to tackle debt and work toward financial freedom.

Smart Borrowing with Credit Unions

Credit unions offer better loan rates and more flexible borrowing terms than traditional banks without shareholder profits eating into returns.

The Best Ways to Maximise Your Income

Boost your income by tapping into your home's value and cutting unnecessary spending to ease financial pressure.

The Facts About Writing Off Bad Debt

Banks only write off bad debt after exhausting recovery options like collections and legal action, not by simply forgiving what's owed.

Tips and Advice on Minimising Your Debts

Cut household costs and switch to lower-interest credit cards and loans to pay down debt faster and rebuild your finances.

Trust Deed as an Alternative to Bankruptcy

A trust deed lets you repay debts through a trustee over three years instead of filing for bankruptcy, stopping creditors from taking further action.

Using a Debt Counselling Service for Debt Solutions

Debt counselling services help you manage spiralling debts by reviewing your finances and negotiating with creditors on your behalf.

Where to Seek Help When in Financial Difficulty

Get practical advice on managing debt and finding help from government agencies and support services when facing financial hardship.

Why You Shouldn't Pay for Debt Advice

Free debt advice is readily available through charities, paying for it wastes money you need to tackle the problem.