Cut your debts

10 steps to getting rid of debt

1. DON'T IGNORE IT

Not only will your debts rack up more interest but it's likely that the best efforts to ignore the debt won't stop you feeling stressed about it.

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Government urged to help 1.1 million at risk borrowers

Thursday, 20 July 2017 | News

Over one million people in the UK use high-cost credit to pay for household essentials, according to research from debt charity StepChange.

Will I be responsible for my partner's debts on credit cards and loans?

Tuesday, 05 January 2016 | Question and Answer

If you have signed a joint tenancy, then you are jointly and severally liable to meet the rent on that property.

Where do we go for help with spiralling debt?

Tuesday, 15 December 2015 | Question and Answer

The first thing you need to do is contact the credit card companies to seek 30 days’ initial respite while you seek advice.

How can I cut my debt and still pay for essentials?

Thursday, 16 April 2015 | Question and Answer

The key here is to prioritise your commitments. The costs for the house you're living in, child maintenance and grocery shopping are three examples of priority spending.

I'm £55,000 in debt and worried about losing my home. What can I do?

Monday, 12 August 2013 | Question and Answer

An IVA is a legally-binding arrangement to pay an agreed amount off your debts over a set period.

Is bankruptcy ever a good option to take?

Tuesday, 05 February 2013 | Question and Answer

You have two options for your IVA if you have fallen behind on payments.

Can someone else's debt affect my credit rating?

Thursday, 16 August 2012 | Question and Answer

Credit ratings are attached to people rather than addresses so the only way your credit rating might be affected by your brother’s debts is if you have a financial connection with him, such as a joint bank account, or you...

How do I find out who I owe money to?

Monday, 09 July 2012 | Question and Answer

The quickest way of determining who you owe would be to get a copy of your credit reference file. This is a factual record of how you have conducted yourself with credit, and information is stored for six years.

Could bankruptcy be the solution to my debt worries?

Monday, 30 September 2013 | Question and Answer

Dealing with debts at any age is a daunting experience, but this is especially true for older people who are increasingly finding themselves with high levels of debt in retirement.