When you’re struggling with debt, it can feel like there’s nowhere to turn.
But no matter how bad your financial situation is, you’re not alone and there is always help available.
Whether you’ve missed a payment or have debts racking up, there are various charities, organisations, and debt solutions out there than can help you turn your finances around.
This guide will point you in the right direction to get free debt advice.
Find out of you qualify to write off up to 81% of your debt!
Why should I get free debt advice?
Whether you have debts piling up or just want to be safe, getting free, confidential debt advice can prevent your financial situation from getting worse.
This could end up being the difference between clearing personal debts for good and bailiffs knocking at your door.
Something as simple as talking to a debt adviser can also mean you’re equipped with the tips and tricks to fix your finances yourself and avoid falling into debt again in the future.
Where can I go for free, confidential debt advice?
There’s a common misconception that the best debt advice costs a fortune but that couldn’t be further from the truth.
There are various organisations out there designed to help you pull yourself out of debt without paying a penny, including:
Independent organisations
Independent organisations can provide free advice on a wide range of financial issues to help you improve your finances and avoid debt.
Citizens Advice is an example of an independent organisation committed to providing impartial advice to millions of people every year, whatever their financial circumstances.
Local councils
Most people don’t know that local councils can provide financial support to low-income families struggling with their monthly payments.
If you’re struggling to afford your Council Tax payments, for example, your local authority can help you set up a payment plan with lower monthly payments based on what you can comfortably afford.
Debt advisers
While some independent debt advisers charge for their services, others provide free help and advice for people struggling with debt.
They can offer tailored advice and guidance based on your current finances, from getting better at budgeting to setting up a formal debt solution.
Helplines
There are several helplines with trained advisers available to give free debt help and advice over the phone.
The information you give can be about anything related to your financial situation and will always be treated with complete confidentiality.
Debt charities
Debt charities can listen to your financial woes and help you find a solution that works for you.
Whether you’re worried about rising energy bills or are looking for an answer to a specific problem, a debt charity can be there for you in your time of need.
The government
Aside from government-backed debt solutions, the government has introduced several debt help schemes to help people struggling with their finances.
For example, low-income households may be entitled to a cost of living payment to help them cover the cost of rising energy bills. This may not be as tailored as a debt solution but it is always worth finding out if you are missing out on financial help you are entitled to.
Why choose Creditfix?
- Write off unsecured debts over £6,000
- Stop interest and charges soaring
- Reduced payments from £110 per month
When should I seek free debt advice?
There is no right time to seek free debt advice but you must always reach out for help before your finances spiral out of control.
For example, if you’re one missed payment away from being in rent arrears or have already racked up credit card debt, free debt advice can help you put a stop to things before they get any worse.
Similarly, if your money worries are preventing you from getting a good night’s sleep or getting on with your life, a simple conversation with a debt adviser can be all it takes to get you thinking clearly again.
Regularly worrying about money might have become a normal part of your life but it doesn’t have to be. The sooner you reach out for help, the sooner you can start to live your life free of money worries.
What can a debt adviser help with?
Debt advisers are one of the most popular providers of free debt advice.
They can work with you to find the right debt solution for your circumstances and provide expert advice for dealing with the consequences of debt. Most importantly, they can help you put a stop to futher debt so you can get your finances under control.
Should I pay for tailored debt advice?
While there are plenty of free debt options available, you may have wondered if it’s worth paying for debt advice tailored to your individual circumstances.
The truth is, with so many free debt options available, there is no need to pay a penny to get you debt help you need. If a company is making you pay for debt advice before you receive it, this is usually a sign that they are fraudulent and don’t have your best interests at heart.
The only time you should pay for debt advice is when you’ve already gotten free advice and have been advised to set up a formal debt arrangement.
What debt solutions can help me with my debt?
If you can’t afford your current debt repayments and a debt adviser has advised you to seek extra help, a debt solution may be the best option for you at this time.
Depending on your debt level, financial circumstances, and where you live, you may be eligible for an Individual Voluntary Arrangement (IVA), Debt Management Plan (DMP), or Debt Relief Order (DRO).
Entering into a debt solution can help you cut your debt repayments to an amount you can afford and cease all harassment from creditors and debt collectors.
Some debt solutions, including the ones mentioned above, can also leave you with no outstanding balance once you have made the agreed payments and have stuck to the terms of your arrangement. You will also be issued with a completion certification to confirm you are no longer obligated to make payments towards the debt.
