Debt Counselling on

Advice on debts with the

They may think your situation is impossible, but there is hope. Debt is all too easy, but debt can lead to immense problems in private and family life: The organisations listed below specialise in debt counselling. Borrower Advice - Luton Council But some are more urgent than others. Ultimately, the results of not addressing a particular debt - the worse that can go wrong - depend on what the debt is intended for. There are some debtors who are subject to heavy fines and you should start by looking at these debtors first.

Those are your senior debt. Below is a summary of what can occur if you do not deal with your debt priorities. What the worse you can do when you are in debt is to just disregard the issue and hope that it will go away. So the sooner you get in touch with your lenders, the more flexibly they are likely to reach an arrangement with you.

Determine which debt is a debt of the highest importance and which is not. Use the above checklist to explain what can happens if you do not owe your priorities. Send a letter to your creditor or telephone stating that you want to work out an agreement that will cut the debt. When you make telephone calls, ask for the name of the individual you are talking to.

Order a payback installment that you can afford to keep up, on the basis of the numbers in your annual accounts. Not only is the goal to resolve the immediate issue, but to organize things so that you can allow yourself to cover your debtors and other expenses for the time being.

However small they may be, it is better to make periodic repayments than to make large random repayments. Even though the Act gives the creditor the authority to take measures to collect the funds you owed them, it also allows them to go through firm proceedings before the ultimate measure can be taken juridically. The harassment of debtors is unlawful.

When you' re molested by a creditor, get immediate counsel. You should consult our accommodation department if the individual is your lessor. Debt Line Freephone National Debt Advisory Help Line - Phone 0808 808 4000 (Monday - Friday, 9 a.m. to 9 p.m., Saturday 9 a.m. to 1 p.m.).

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