People can encounter debt problems at any stage of their lives and for a variety of reasons. The most important thing to remember is that it is never too late to seek help. The worst thing to do is to bury your head in the sand and hope that it will go away. It won't! Delaying asking for help will only make the debt become increasingly unmanageable and the strain on relationships will get greater and greater.
Ignore debt management companies when seeking help. They will charge a fee, thus increasing your indebtedness. Look for organisations like Stepchange, Citizens' Advice or the Money Advice Service. All are free and all are non-judgemental. No-one is going to ask why you got into debt or question what you spend your income on. They will deal with your creditors on your behalf thus removing the pressure of answering phone calls or replying to letters. Both of those, at times can be quite threatening.
Give it a try. Arrange an interview and see how you feel about what is on offer.
Kevin Armstrong, Debt Adviser
Ignore debt management companies when seeking help. They will charge a fee, thus increasing your indebtedness. Look for organisations like Stepchange, Citizens' Advice or the Money Advice Service. All are free and all are non-judgemental. No-one is going to ask why you got into debt or question what you spend your income on. They will deal with your creditors on your behalf thus removing the pressure of answering phone calls or replying to letters. Both of those, at times can be quite threatening.
Give it a try. Arrange an interview and see how you feel about what is on offer.
Kevin Armstrong, Debt Adviser
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