Where to Go for Debt Advice

Where to Go for Debt Advice

by Rebecca Hall on 15 Feb, 2011

If you are in a situation where you are in debt it can be difficult to know where to turn for help. Whether you are attempting to balance your credit card, make mortgage repayments or even pay back loans, there is help available to you. Many people are embarrassed and worry about discussing their finance woes, but there is no need to worry as debt advice is always confidential and most debt advisors will have heard situations similar to yours in the past. One thing to keep in mind is that you are not alone.

Many people simply don’t know where to go for debt advice. There is help all around if you just know where to look. The Citizens Advice Bureau is just one place you can turn to. They are there to give advice on all sorts of issues and debt is one of them. It is their job to help you, so don’t be afraid to ask any questions you need answered and if you don’t understand, ask again. When it comes to your financial situation there should be no questions that you are afraid to ask.

Another place to get free debt advice is through both the Consumer Credit Counselling Service and National Debtline. Taking over one and a half thousand calls every day makes them very well placed to give you advice on your debt as it is what they do all day long.

Remember that you are not alone in having debt concerns and that help is available to you. The Citizens Advice Bureau has over 3,500 bureaus across the United Kingdom meaning that you can discuss your financial situation face to face with someone who knows how to help. The Citizens Advice Bureau have staff whose focus is debt so you can be confident that you will be getting specialist advice and not, as some believe, general advice.

What they will usually do is ask you to compile a list of all the people that you currently owe money to as well as what your current income is and what the average amount of money it takes to cover all your household bills. With this information they will the book you in with an advisor who can go through your finances with you and discuss how your income could possibly be elevated.

Some people think this is a waste of time, though it is possible that you are eligible for benefits that you were unaware of, or maybe you are paying too much tax due to being supplied with an incorrect tax code.

Another crucial step is to look through your expenditures and see what savings could be made. It is always useful to have a third party do this, savings can be made in many areas but it is often hard to scrutinise your own finances.

Remember that any of these services can help and that they are there to do just that. Your debt doesn’t have to cause you stress and worry. If you act quickly, professional debt advice can be all yours for free.

About the Author

Rebecca Hall

Rebecca Hall worked as an independent mortgage adviser for 10 years before turning to financial journalism full time. She has strong links to the CAB advising families on mortgage refinancing.