Are you thinking, how to get out of debt?

Advice for Getting Out of Debt

Prioritise Your Debts Which debts you pay first will depend on the severity of the action the creditor could take against you.

The following are generally regarded as priority debts:

Mortgage / Secured Loan Rent Council Tax / Community Charge Gas / Electricity / Water Maintenance / Child Support Magistrates Court Fines Hire Purchase Goods Telephone hone

Non-priority debts include:

• Credit card or store card arrears

• Catalogue arrears

• Bank overdrafts and loans

• Benefit overpayments

• Money borrowed from friends or family

• Non-essential goods bought on hire purchase (HP)

Switch to Get a Better Rate

Check to see if you can switch mortgages and save money. The bigger the debt, the bigger the likely benefit.

There are literally millions of us in the same boat. You can get some idea of the scale of the problem from the statistics available on debt consolidation.

Office of Fair Trading research gives a figure of £40 billion for debt consolidation in 2002 – that’s double what it was in 1999. And, according to Mori, £2.5 billion of credit card balance transfers in 2003 involved consolidation of debts.

It wouldn’t be an exaggeration to say that we’re living in the middle of a debt explosion. But the figures only tell part of the story.

If you’re having serious debt problems, that, above all, is an individual tragedy for you. It’s a situation in which you can feel completely hopeless and overwhelmed.

Interest costs and repayment demands can seem to trap you in an endless downward spiral with no way of escape. In fact, though, things needn’t be that hopeless. If you get the right advice and guidance, your debt can be reduced, made manageable, and ultimately wiped off altogether.

That’s where we come in.

Based on the information you give us, we will be able to analyse your situation and advise you on practical and risk-free steps you can take to get out of debt.

And it won’t cost you a penny. (We get our funding from our designated licensed practitioners, who pay us to qualify cases that can potentially do an IVA. And since most of the administration can be done on debtfreehelp.co.uk, we’re able to cut down on costs. This means that we don’t charge any of our clients any fees.)

In addition, none of the debt solutions we offer will affect your ability to get a mortgage, since a mortgage loan is always secured against your property -- interest rates may vary but that is only because your credit status will probably already be affected.

Specifically, we will see if you qualify for a government-approved debt solution which will allow you to wipe off up to 85 - 90% of your debt completely.

So, in a typical case, debts of £21,000 could be reduced to 60 monthly payments of £184 – that’s only £11,040 in total. The remaining £9,960 would be written off and you’d walk away legally debt-free. Interested? Well, if you want to speak to someone about this straight away, call our debt free helpline on 0161 244 5649 or fill in one of our enquiry forms, we will call you back.

But maybe you’d like some more details first, so please contact us using our Online Form or call our debt free helpline on 0161 244 5649