What types of debt help are there?

28 November 2008

For people looking for a way out of debt, there are a number of debt solutions to suit different circumstances. The range of options can be confusing – so it helps to have a good knowledge of the various types of debt help available.

Here we look at the range of debt help and solutions that could help you become debt-free once again.

Why should I choose a debt management plan?

26 March 2009
If you`re unable to keep up with payments to your unsecured debts, you may be wondering whether debt management might be a way for you to regain control of your finances - and whether you should `go it alone` or ask a debt management organisation to help.... read more »

Should I save or repay my debts?

9 January 2009
For people struggling with debt, financial decisions can be difficult. On the one hand, there is the need to repay your debts; on the other hand, isn`t it a good idea to save some money, to better protect your finances in the future?... read more »

What level of debt is debt management best for?

17 April 2009
A debt management plan is an informal arrangement between you and your creditors, in which you will agree to pay a reduced amount towards each of your debts each month, based on what you can realistically afford after taking your essential expenses into account.... read more »

Is debt management a good idea?

25 June 2009
For many people who can no longer afford their debt repayments, a professional debt management plan could be a good way forward... read more »

Debt management plan or IVA?

2 February 2009
If you`re struggling with unmanageable debt and looking for a way out, would a debt management plan or IVA (Individual Voluntary Arrangement) be more appropriate?... read more »

Does debt management work?

30 June 2009
If your debt problems have become so serious that you can`t keep up with your monthly repayments, a debt management plan could help.... read more »

Can I repay my personal/family debts with a debt management plan?

10 December 2009
If you have borrowed money from a member of your family - rather than a registered lender - you may be wondering whether this debt would be included in the debt management plan.... read more »

Can creditors refuse a debt management plan?

24 December 2009
If you find that your unsecured debts are causing you problems and you can no longer afford your monthly payments, one solution could be a debt management plan. By reducing your monthly payments to a manageable level, you can make sure you`re meeting all your financial commitments every month, including your debt repayments.... read more »

Do I need to be a homeowner to get on a debt management plan?

12 January 2010
The right debt solution for you will depend on your immediate and longer-term circumstances. A number of things can affect how suitable each debt solution is for you, such as your income and outgoings, the amount you owe, your ability to repay your debts and your employment and residential status.... read more »

Debt management - the basics

25 January 2010
A debt management plan is an informal debt solution. It involves making reduced monthly payments, based on what you can afford, over a longer period of time than originally agreed. It may also be possible to reduce or freeze interest and other charges, which can prevent the debt from growing and can enable you to repay the debt in the shortest possible time.... read more »

Does debt consolidation always mean a loan?

2 February 2010
Often, when people refer to `debt consolidation`, they are talking specifically about just one debt solution: a debt consolidation loan. However, the phrase `debt consolidation` can also be used to mean any debt solution that combines multiple debt payments into one (a major advantage of this is that managing one monthly payment should be much easier than making several payments).... read more »

Help with debt management

2 February 2010
There are a number of debt solutions, for people with all kinds of debts. Whether your debts are still manageable or completely out of control, there is help available.... read more »

Advantages of using a debt management company

9 February 2010
There is no single reason why you should use the services of a professional debt management company when setting up your debt management plan - it`s down to personal preference. But there are various reasons why many people choose to do it this way. ... read more »