Anybody can give debt advice, let’s face it we all take advice from friends and family from time to time. Some of this advice is good and some can be bad. Some advice is laced with agenda with other people providing the advice they want you to take, not necessarily the best advice for you. This is what can happen with debt advice if you don’t get the right help and information.
There are lots of different people offering debt and money advice in the UK. This represents a block which needs to be removed. Why accept poor advice which will leave you in a worse financial situation?
Help with Debts
There is no shame in asking for debt help, especially if you’re struggling financially. Most people get into debt because life happens. Houses, cars, children and general living costs can mount up and it’s expensive. This then means people use credit in the short term to pay for things. This is fine as long as the credit is manageable. When problems arise in life which make the payments unmanageable – like death, divorce or loss of employment – then repaying the contractual debts isn’t easy.
This can lead people to ask for debt help and money advice. This information is invaluable to helping people get back out the debt hole they find themselves in. The solution to debt can take 1 year or 10 years but there is always a way out.
Not every debt solution will require you to sell your house either. People have often commented
“I’m debt free and I still have my house and car”
That’s because it’s only equity people are interested in. If the equity can’t be released then it’s unlikely you will have to sell at all!
Tips for Getting Debt Advice
1. Check the fees: There are companies that will charge you a fee for their services. These fees are not necessary. You can get FREE debt advice from companies and you don’t need to pay.
2. Check the licence: If they don’t have a licence to provide debt and money advice then stay clear.
3. Check the agenda: Is the company trying to sell you a product to make money? If so, be aware it may not be in your best interest.
4. Check qualifications: If you need an insolvency solution like an IVA or Trust Deed be sure the insolvency practitioner is qualified to provide your service.
5. Check speed: With debt problems time is often against you to get money worries under control. We don’t want to be in debt any longer than we have to be. This is why speed of service is vital. You can get quick help and advice from a free debt organisation.