We have collated a lot of useful information on debt help and debt advice, for you to read through, this information will help you begin to solve your debt problems.

If you have any debt advice questions or you need debt help call one of our experienced debt advisors on our debt helpline 0161 713 1883 or take our Debt Test.

A Slippery slope to debt and debt problems

This section is a breakdown of the stages that a lot of debtors are facing in the UK. At whatever stage you are at you are not beyond help, however, it is best not to leave it too late. If you have any debt advice questions or you need debt help call one of our experienced debt advisors on our debt helpline 0161 713 1883 or take our Debt Test.

Have a look at the stages and see where you are:


 Stage 1: Debt trigger (e.g. sickness, marital breakdown unemployment, lost orders, cash flow, redundancy, etc.)

 Stage 2: Initial missed payment and creditor pressure.

 Stage 3: Robbing Peter to pay Paul' - taking out additional loans leading to:

 Stage 4: Multiple debts and multiple pressures. pressure.

 Stage 5: Contact with creditor - promise to repay (usually unrealistic amounts due to fear/guilt/pressure).

 Stage 6: Broken promises to creditors resulting in increased pressure (e.g. debt collectors).

 Stage 7: Diverse personal reactions, e.g. denial (ignoring problems), depression, frustration, anger.

 Stage 8: Legal pressure - letters from solicitors, court summons (often ignored) court orders often leading to bailiff's action and then agreeing to unrealistic repayments.

 Stage 9: Financial chaos.

 Stage 10: Debtor facing sanction from priority creditors e.g. seizure of furniture/equipment by bailiffs, disconnection of utility supplies, loss of home, potential imprisonment.

 Stage 11: Further loss increasingly possible e.g. marital breakdown, domestic violence, deterioration of physical health, partnership/director disputes, mental breakdown.

The pressure of Debt can affect people in many different ways. We are all different and handle situations in various ways. The most common reactions are:
“Breaking down and crying ”
“Sleepless Nights ”
“Arguing with partners ”
“Avoiding Phone calls and people knocking at your door ”
“Not Opening your mail ”
“Feeling so embarrassed”
“Feeling so helpless and a failure”
“People have even considered suicide ”

If you have any debt advice questions or you need debt help call one of our experienced debt advisors on our debt helpline 0161 713 1883 or take our Debt Test.

Catalogue buying is very popular
Payment is made by weekly installments
This is generally a fixed-sum credit agreement.

Flexible monthly payments
Interest rate likely to be higher than other credit cards

A credit card entitles the holder to use the card to purchase goods Set Credit Limit
Payment is by monthly installments
Minimum payments required normally 3% of balance

The customer is offered a personal loan with a fixed rate of interest built in at the beginning of the loan. Repayment is by a fixed monthly payment over a fixed period of time.

Most of the High Street shops now offer credit facilities to customers wishing to purchase goods from them. If customers cannot pay cash, they are encouraged to use one of the store's credit facilities. There are a number of different forms of credit used.