Where To Go For Debt Advice?

Summary
Are your debts worrying you? There is help for people attempting to balance their credit cards, loans and mortgage repayments. Don’t worry! It’s confidential, they will have heard it all before.

Where do you go for help with your debt problems? Millions and millions of people are running into problems with debt in the present financial recession. Citizen’s Advice (CA) has seen a unprecedented rise in people asking for their help in correlation with managing their mortgage repayments and other credit problems.

An additional source of free advice when it comes to debt, the  Consumer Credit Counselling Service (CCCS) is reporting about 1,499 telephone calls each day, with Debt Advisory Centre saying their calls are up at least 66.66 per cent.

If you have debt concerns, you’re not by yourself. Read on to find out how much help is available.

For head to head contact, The Citizen’s Advice (CAB) has a wide number, well over four thousand, of Citizens Advice Offices spread all around the United Kingdom. Their staff work on unpaid basis, with many of the bureau’s having people who focus on debt.

If you ask them for help, what they will do, first of all, is to ask you to make out a list of the people you owe money to, what income you have and how much money you need to cover home costs. Armed with these figures, you will then be given an appointment to see an adviser. They will discuss everything with you, to see whether there may be a way that your income can be improved.

Whereas you may think you’ve covered everything, it is possible that there are benefits you are not receiving or you may have been supplied with an incorrect tax code and are subsequently paying too much tax.

You will then look together at the figures for outgoings to dind out if there might be any savings made. The Advisers will explain how to prioritize your debts. The main ones will be those concerned with maintaining a roof over your families head,for example rent or mortgage repayments, together with your  heating bills,light and power and of course the council tax. Debts like loans, credit cards and store cards which may not be secured on your home come last on the list.

Your adviser will send you ’info pack’ containing letters for you to dispatch to the companies you owe money to.
Together with your advisor, you will assess your disposable income and create a repayment scheme to be negotiated with the companies on your priority list – Landlord, local authority, utility companies and mortgage company
Residual money after these essential costs and the expense will then be spread amongst the non-priority group. The Citizens Advice Bureau will always work with you to ask for the will assist you in asking for the associated charges and interest to be temporarily stopped , however this is not always successful.If the court becomes involved, as long as the offer is deem fair the courts often rule in favour of the defendants .

If there is any risk of repossession or court proceedings to recover debt, the Citizens Advice Offices will be extremely helpful.