Key takeaways ; Debt relief is a method of restructuring debt to make it easier for you to pay it back. ; You can get debt relief from lenders, debt relief companies and credit counseling agencies. ; The best debt relief strategy for your situation will depend on three main factors: the type of debt you have, your credit score and your financial situation.
There are a number of local and national services to help people who are struggling with debt.
Overview ; If you owe people money (your ‘creditors’) you can make arrangements to pay your debts. Your options depend on the amount of money and assets you have. ; Speak to a debt adviser to get help choosing the best way to deal with your debt. ; MoneyHelper has information about debt management and free debt advisory services.
How to deal with problem debts: this is a step-by-step guide from Money Saving Expert to help you do just that.
Explore Bankrate's expert picks for the best debt consolidation loans available and discover how the right rate can help you manage your debts more effectively.
Spring is just around the corner. Here's how a debt relief service could help with your financial spring cleaning.
Dealing with money and debt is an important part of life. If not managed this can cause a lot of stress and unrest. Here you can find resources to help you.
Learn the Terms ; Know Your Options ; Understand Your Situation ; Shop Around for Lenders ; Debt Consolidation Isn’t for Everyone
Get help to work out how much money you owe and which debts you should pay back first.
If you're struggling with debt or considering borrowing more, you're not alone. We have got step-by-step help, including information on where to get free debt advice.