What can I do to help my situation?
Take some easy steps to help deal with your debt:
- Work out a budget and prioritise your outgoings and debt payments putting essentials such as mortgage/rent payments at the top.
- Make a list of organisations /creditors to contact according to your priority list whether you are in arrears or not, the earlier you make contact the better. You may be able to move existing debt to a lower rate temporarily.
- You may be entitled to some government benefits to help increase your income. Contact your local benefits office or visit Turn2us for more information.
- If you are ill or have been made redundant you may have insurance policies in place that can help.
- Seek independent advice, there are lots of organizations that can provide confidential, impartial and free help and advice.
Doing nothing could make things worse
Never ignore missed repayments, they will not go away. You could end up paying more in interest and charges and missed payments could affect your credit rating and make it more difficult to get credit in future.
Where else can I get help and support?
Money Advice Service: free impartial advice on managing your money
Step Change: free tailored advice and practical solutions
Citizens Advice: general independent and free advice
National Debtline.org/ free independent and confidential debt advice
Christians Against Poverty: free debt counselling in your community
Money Advice Scotland: independent, impartial and confidential debt advice and financial inclusion
Debt Action Northern Ireland: free independent, impartial and confidential debt and money advice across Northern Ireland