The number of people seeking advice from The UK Insolvency Helpline Debt Help Service about how to manage their debts has increased by 50% in the last 12 months. The UK Insolvency Helpline is the UK’s largest insolvency specialist offering free, independent and impartial debt advice and debt help to everyone, without obligation to help resolve their debt problems
The debt advice service said, since 2008, it had been contacted by more than 500,000 new callers in England and Wales with serious debt problems. The number had increased sharply in the past few months thanks to the worsening credit crunch.
Most of us at some time in our lives have been in debt. No matter how bad your debts are, you do have options and choices. The UK Insolvency Helpline’s team of trusted and experienced debt experts can help you find the right debt solution to resolve your debt problems.
The trained debt advice team will listen carefully, review your debts and advise you on all of the options available to help you consolidate your debts. Then will we recommend the solution that best suits your individual needs. The worst thing you can do is to ignore the problem - it won't just go away.
How to deal with debt
- Remortgage
- IVA – Individual Voluntary Arrangement which can write off up to 60% of debts.
- Debt Management Plan
- Informal arrangement with your creditors
- Bankruptcy
- Doing nothing. This is effectively waiting for bankruptcy. Ignoring your debt problem can only make it worse.
