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UK Wide Debt Advice Charity
Call us at 0800 085 0226
E-mail: contact@debtsupporttrust.org.uk

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Endowment Policies Shortfall

A record number of endowment policies have not achieved what they were originally planned to, leaving approximately 360,000 families with a shortfall which could force many to sell their home.

In some cases the shortfall can be as much as £100,000 below what they originally expected.

The loyal savers who have saved for the last 25 years will get a payout far lower than what they originally expected.  Worryingly for many families, the payout may be far lower than what they owe on the mortgage.

Many will be forced to sell their homes or if they have any savings, dip into them, as Banks and Building society's become increasingly reluctant to lend, especially to people reaching retirement age.

Homeowners over the last 25 years will have seen their property increase in value by up to 250%, however with the shortfall in their endowment policy they may have to sell their property.

Over the next five years up to two million people may find themselves in similar situations.

The Financial Services Authority director has fears that up to 1.5 million homeowners in their 50s with interest-only mortgages are sitting on a time-bomb and won't be able to pay off their loans.

Patrick Connolly, from independent advisers AWD Chase de Vere, says: 'Payouts have fallen over the past few years and this is likely to continue. The risk of savers having to sell their home to pay off the home loan is increasing.'

In the late Eighties endowment mortgages soared which will see a record number of polices mature this year.

The annual premiums for insurers were more than £2.3 billion, as more than six million policies were taken out.

The intention for homeowners when they purchased them was to pay off their mortgages and provide a lump sum if the return on the investment was good.

They would then only pay the interest to the lender but not repay any of the capital.

The monthly payments to the endowment went into stock markets linked with profit policies. Though for many the promised investments have not materialised, leaving many homeowners with huge shortfalls which they still owe to the mortgage lender.

In the past five years the payments have fallen by as much as 44%.

The Financial Services Authority demands firms write to policyholders each year to tell them how their policies are progressing. You have three years after receiving your first warning letter in which to complain you were mis-sold the policy - for example, if you did not understand the underlying risk of stock market investment.

But nearly half of those registering complaints with the ombudsman have missed this deadline.

Martyn James, from Financial Ombudsman Services, says: 'Some consumers told us they thought they would be covered by final bonuses, only to find that these were low or not made at all. Others thought things might improve if they held out for a bit.'

Friday, April 20, 2012
Debt Support Trust
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In debt how do i get a credit card

There are lots of different 0% credit cards available, but if your credit rating has multiple defaults then you could struggle to get the best deals.

At Debt Support Trust we understand that one way of reducing your monthly payments and being able to pay your debt off quicker is to obtain a 0% credit card.

However we rarely recommend taking out more debt when you are having financial problems. Often we advise that taking out more debt can simply make the situation worse. Instead, we encourage people to look at the root cause of the problem.

If you feel you are able to manage your debt and you are looking for a credit card to spend on, you can get one where you can avoid paying any interest for up to 15 months on the purchases you make.

If you are able to manage your debt and you want to balance transfer from an existing credit card you could benefit from an interest free period of up to 22 months.

As great as these deals are, many people are excluded from them as their credit score is not high enough.

When assessing an application, credit card providers run a check on the individuals credit file. You must pass this in order to be eligible for some of the leading credit card offers.

If you have missed payments on credit in the past you may find the best deals are unavailable for you. That does not mean people with poor credit rating won't get credit, they will, it will just have a larger interest rate as the risk of lending money to people with poor credit history grows.

We always recommend looking around for the best deals as there are many different offers out there.

However if you are struggling with debt more credit is not the answer.

For debt advice and support on dealing with debt call Debt Support Trust on 0800 085 0226. There are multiple debt solutions available if you are struggling to manage your finances. Many debt solutions will enable you to freeze interest and charges however a default would be added to your credit file too.

Tuesday, April 10, 2012
Debt Support Trust
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Debt Advice in London

Debt Support Trust Debt and Money Advice for People living in London and the UK. You can seek debt help by telephoning 0800 085 0226 or completing a debt analyser form below.

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Debt Help in London

When life is a struggle it can be hard to know where to turn, we at Debt Support Trust understand this and offer debt advice to people who are unsure what is the best way to turn.

Things are not easy with the current economic climate, people are concerned about their careers and jobs never mind juggling payments to creditors. This is affecting people from all walks of life.

We can offer telephone and internet debt advice that will suit your own personal situation. The debt solution will be affordable to you and will ensure you can make ends meet moving forward so that you can ultimately become debt free.

As a charity we will tell you everything you need to know about the ways to help you sort out the debt situation. There is no problem we can not provide advice on and we really are here to help.

There will be no charge for the advice, and no upfront money costs as this would only make the situation you are in worse. You make all of the decisions yourself all we will do is give you the information and the choices that you have, there is no pressure to do anything, you will just know what you could do and you will be aware of all the pros and cons.

If you are looking for debt help, avoid paying upfront fees as this would be no help if you already have a serious debt problem.

Debt Support In London

We are here purely to offer debt advice and under no circumstance would we judge your circumstances.

When you call us you will speak to one of our volunteers who is trained to give you a personal 1 to 1 service. They will then arrange for you to speak to a debt advisor once they have some information. They have a friendly attitude and many have found themselves in their own financial problems, so are more aware than most of how best to deal with it. We are not here to judge we want to help.

London Debt Help

Get London debt help by telephoning Debt Support Trust on 0800 085 0226 or by completing the debt analyser here.

 

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Areas of London for Debt Advice

E1 Head district

E2 Bethnal Green

E3 Bow

E4 Chingford

E5 Clapton

E6 East Ham

E7 Forest Gate

E8 Hackney

E9 Homerton

E10 Leyton

E11 Leytonstone

E12 Manor Park

E13 Plaistow

E14 Poplar

E15 Stratford

E16 Victoria Docks and North Woolwich

E17 Walthamstow

E18 Woodford and South Woodford

E20 Olympic Park

EC1 Head district

EC2 Bishopsgate

EC3 Fenchurch Street

EC4 Fleet Street

N1 Head district

N2 East Finchley

N3 Finchley

N4 Finsbury Park

N5 Highbury

N6 Highgate

N7 Holloway

N8 Hornsey

N9 Lower Edmonton

N10 Muswell Hill

N11 New Southgate

N12 North Finchley

N13 Palmers Green

N14 Southgate

N15 South Tottenham

N16 Stoke Newington

N17 Tottenham

N18 Upper Edmonton

N19 Upper Holloway

N20 Whetstone

N21 Winchmore Hill

N22 Wood Green

NW1 Head district

NW2 Cricklewood

NW3 Hampstead

NW4 Hendon

NW5 Kentish Town

NW6 Kilburn

NW7 Mill Hill

NW8 St John's Wood

NW9 The Hyde

NW10 Willesden

NW11 Golders Green

SE1 Head district

SE2 Abbey Wood

SE3 Blackheath

SE4 Brockley

SE5 Camberwell

SE6 Catford

SE7 Charlton

SE8 Deptford

SE9 Eltham

SE10 Greenwich

SE11 Kennington

SE12 Lee

SE13 Lewisham

SE14 New Cross

SE15 Peckham

SE16 Rotherhithe

SE17 Walworth

SE18 Woolwich

SE19 Upper Norwood

SE20 Anerley

SE21 Dulwich

SE22 East Dulwich

SE23 Forest Hill

SE24 Herne Hill

SE25 South Norwood

SE26 Sydenham

SE27 West Norwood

SE28 Thamesmead

SW1 Head district

SW2 Brixton

SW3 Chelsea

SW4 Clapham

SW5 Earls Court

SW6 Fulham

SW7 South Kensington

SW8 South Lambeth

SW9 Stockwell

SW10 West Brompton

SW11 Head district

SW12 Balham

SW13 Barnes

SW14 Mortlake

SW15 Putney

SW16 Streatham

SW17 Tooting

SW18 Wandsworth

SW19 Wimbledon

SW20 West Wimbledon

W1 Head district

W2 Head district

W3 Acton

W4 Chiswick

W5 Ealing

W6 Hammersmith

W7 Hanwell

W8 Kensington

W9 Maida Hill

W10 North Kensington

W11 Notting Hill

W12 Shepherds Bush

W13 West Ealing

W14 West Kensington

WC1 Head district

WC2 Strand

Friday, March 23, 2012
Debt Support Trust
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What's in store for us at the budget

The plan is that every tax payer will receive an annual statement telling them where the money they have paid in to the Revenue has gone.

This will be announced by George Osborne at the budget, the idea is that every worker has the right to know where their taxes are being spent.

The results are likely to prove startling in some cases.

For people on higher-rate taxpaying earning £50,000 this year they would be told that they are paying £14,183 in tax and National insurance - they would then be told that approximately one third of this is spent on welfare, around £4,727.67.

On the same wage, £2,469.68 is spent on health, on education £1,848.7, on defence £818.52 and on public order and safety £705.62. Foreign aid is given a £141.12 and the EU is handed £70.56.

A source from the Treasury said: 'It's quite right that people know how much tax they pay and what it's spent on.'

By revealing exactly how the 29million British tax payers money is spent the Chancellor hopes it will change attitude towards Government spending.

There is also the hope from the Conservatives that if the public are aware of how their taxes are used they will be more inclined to vote for a party that promises to lower taxes.

They also believe that the taxpayer should be aware that they contribute 31p as base rate once national insurance is included, not 20p as most believe.

It is also thought the Chancellor is considering even more radical reform, by merging income tax and national insurance together. This would save businesses billions in administration cost.

David Gauke the treasury Minister said: 'For a lot of people, the tax line on their pay slip is the only time they see just how much they're paying in tax, but the Government doesn't think that's good enough.

'We want to make tax more transparent and we want people to be more engaged with their own tax affairs. We plan to lift the lid on tax so that people understand how much they are paying, what their overall tax rate is and what they should be paying.'

Ben Gummer Conservative MP, who has championed the idea of personal statements, said: 'Few of us would part with more than a few pence without a record of how it was spent. From supermarket receipts to electricity bills, we expect an itemised breakdown of where our money goes.

'Yet for our largest monthly payment, to the taxman, we get just two numbers printed on a pay slip. We are not told the overall value of our taxation obligation.

'We are not told what proportion of our income it represents. Crucially, we are not told how the Government spends the money we are made to give it. This must change.

'Just as we are under an obligation to pay tax, the Government should be obliged to tell us how it spends our money.

'It is a simple idea that could change the way we do politics. For the first time people will get a real feel for the relative distribution of their taxes.

'By providing voters with this crucial information, the Government will make it's spending comprehensible in simple and personal terms. These single sheets of paper have the potential to transform and enliven our democracy.

'Tax statements could be implemented quickly and cheaply. They help the Government merge income tax and National Insurance and do more than anything else to help it achieve transparency in the tax system.'

In the budget the Chancellor will announce the changes from 2014/2015.

The cost of administrating the new system is expected to be around £800,000.

Wednesday, March 21, 2012
Debt Support Trust
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How Much Money Do I Owe?

Debt Support Trust is a registered and qualified money advice charity. You can seek debt help by telephoning 0800 085 0226 or completing a confidential debt analyer below.

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This is a commonly asked question though it may seem surprising to some that people are not aware of exactly what they owe, it is surprisingly easy to lose track of the situation you are in.

There are many reasons that we may not know our exact level of debt, probably the most common one is that we have not been opening our mail, that for so many people that do not want to face their present situation can be common, they know it's bad and feel by not looking it won't cause them any more distress.

It is also possible when moving home the creditors have been unable as yet to track you down and you have not received any up to date statements.

Whatever the reason for not being aware of how much debt you have one thing is for sure you will need to find out.

The easiest way to do this is get a free Experian report done on yourself. This will tell you exactly how much you owe and to who, it will also tell you if there has been any action taken against your name. This knowledge allows you to seek the relevant advice and to get help for your own situation. It will also help you to know if you are able to afford to pay it all back or if you should seek advice from a charity such as Debt Support Trust.

Always remember that after 30days free with your Experian report you must cancel your contract or they will start charging.

An easy way to access the Experian report is to log on to Debt Support Trust and they have a link at the bottom of the first page for useful contacts, if you click on this you will then see Experian and it will take you straight on to their website.

Before seeking advice it is best to know the true state of your financial position it only when you have all the facts that a reputable debt charity will be able to give you the correct advice.

Wednesday, March 21, 2012
Debt Support Trust
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I'm In Debt, Will I Go To Jail?

Debt Support Trust is a debt help charity which you can call for advice on 0800 085 0226. This is a very common question and the answer is slightly more complex than yes or no.

The facts are you cannot go to jail for simply being in debt. However, if you have a court order against you and you are asked to pay back a certain amount then you must adhere to this, or they could jail you on the grounds of breaking the agreement from the court.

You can't go to jail for being in debt! Fact. If you have debt - get help. Call our friendly advisors on 0800 085 0226.

So, When Do People Go To Jail?

Being in debt is not a crime, however acting fraudulently is. For instance, if you deliberately claim for benefits that you are not legally entitled or if you took out credit with no intention of paying it back.

If you legally obtained credit cards, loans, utility bills, store cards and other types of debt that were applied for honestly then it's a civil matter and you cannot go to prison, even if you refuse to pay them.

The only way you could face prison is if you deliberately disobey certain court orders. One in particular is if a bailiff has been unsuccessful in seizing goods and creditors then use other means to enforce collection such as an attachment of earnings order. If you deliberately and persistently refuse to co operate with the county courts in these matter you can be arrested and sent to prison for up to 14 days.

The prison sentence will not be for non-payment of the debt, but will be for the offence of failing to follow the court's order in regard to the debts.

If you go bankrupt you cannot go to prison. You cannot be sent to prison as part of the process if you go bankrupt. There is a type of bankruptcy called "criminal bankruptcy" but this is very rare. If you go bankrupt as a direct result of reckless activities such as hazardous overspending and gambling, in cases such as this you may be subject to a certain restrictions called a "bankruptcy restriction order". If you break this order it is a criminal offence and you may receive a custodial sentence.

You cannot be sent to prison for not paying your council tax. Most councils will try to negotiate a settlement before taking court action. They would rather not take people to court, however if you are ordered to pay the debt by a court and refuse you could face inprisonment.

If you are having any problems with your debt or want to discuss any issues please do not hesitate to contact Debt Support Trust for debt help on 0800 085 0226.

Debt Solutions to Avoid Jail

There are numerous debt solutions to help you with your debt problem so you don't have to worry about jail. It's always best to proactively seek help and deal with your debt before it becomes an issue for the courts.

The correct debt advice will depend on your debt situation, for instance, how much you owe, are you in employment and can you pay anything towards your debts? It's best to contact Debt Support Trust and speak to a friendly advisor about your debt who can guide you on the available debt solutions for your specific circumstances.

Debt Help Court Action

If you have court action against you and need debt help you can contact Debt Support Trust by telephoning 0800 085 0226 or completing our confidential debt test below.

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Wednesday, March 21, 2012
Debt Support Trust
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Debt, Divorced and with Kids/ Children

Unfortunately for many people in unhappy marriages it is easier to stay, than to go this is a sad fact of our modern world and is yet another sad fact from the result of the credit crunch.

Debt Help Divorced

For debt help when you are divorced or separated you can call Debt Support Trust on 0800 085 0226 or complete our debt analyser.

Divorced in Debt

When property was booming we all relied on the equity on our homes as our nest egg but for so many now this is not the case. When we are faced with the harsh reality of staying in a loveless marriage or fending for ourselves in the big bad world many people opt to stay, this can lead to a life of misery but what option do we have?

The possibility of selling the house and splitting the equity has got a lot harder; no longer do houses sell in a month and what equity you had 4 years ago may not be the same as what you have now. Even if you manage this, there is the prospect of having to purchase a smaller home and paying all the fees that come along with that - this will soon eat in to your money. There is also the frightening prospect that the lifestyle you have lived for so long will no longer be able to be maintained the world on your own can seem like a lonely place.

When you have spent your life keeping up with the' Jones' the thought that they will know not all was perfect can destroy your self esteem. Yes for many staying put and saying nothing can seem like the best option.

But you deserve a better life don't you! Don't we all! This is the twenty first century this is modern times who cares what other people think. Yes financially it will be hard but you will get through it, you just need to stop spending extravagantly, watch what you buy, don't buy what you don't need and shop around for better deals the best rule is only pay what you can afford avoid getting into more debt where possible.

The chances are once you have made the decision you will never look back and find happiness within yourself you never dreamt possible yes it won't be easy, yes you may not be surrounded by all the luxuries you are used to. But you will have something you probably have not had for a long time and that is happiness! Some things just cannot be bought.

Debt Advice: Debt, Divorced and with Children

For people who are in debt, divorced and with children you can resolve your debt problems by speaking to a debt advice charity. Debt Support Trust provides confidential telephone based debt advice on 0800 085 0226.

There are lots of debt solutions available and you can explore these by visiting the Debt Help page here.

Please click the debt and divorced link for more information about what being in debt and separated / divorced can mean for you.

Saturday, March 17, 2012
Debt Support Trust
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Where do I go to get a Trust Deed

Angela, 36 entered a Trust Deed in January 2012 and wrote about her experience. For Debt Help from Debt Support Trust you can call 0800 085 0226 or complete our debt analyser below.

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Trust Deed: Who to Trust?

There are many companies advertising at the moment making large claims about how they will help you out of your debt. You see them on the television, you hear them on the radio and you read about them in the papers. The question is for so many of us who will help ME!

An old saying that I can still hear my mother say is 'you can't get blood out of a stone' that makes me ask the question why all these companies want to do business with me, as I have so much debt that I can't afford any way so I would not be able to pay them.

With anything which you are enquiring about get all the information you possibly can before hand, know your product, research as much as possible in to the company in my experience' knowledge is power'.

It was difficult at first to know if a Trust Deed was the right solution. I could have done a debt arrangement scheme over 11 years, however chose the Scottish Trust Deed.

Where Do I go to get a Trust Deed?

I wanted to speak to a debt advice charity because I knew they wouldn't charge me and would give honest debt advice. I knew somebody who paid for debt advice and it left them in a terrible position later in life. Yes, no matter how little you have they can and do make money of you, depending on what is the best solution for you (and that is all down to personnel circumstances), they will take a portion of the money you pay each month before it gets to your creditors. This is an understandable cost as in many solutions an insolvency practitioner is required however you do not want to be paying exuberant prices.

So my advice is to go to a charity Debt Support Trust or Citizens Advice Bureau. They will give you free advice, at the end of the day any decision is up to you and you must be aware of all the pros and cons of any solution, however for some people residing in Scotland like myself a Trust Deed will be the perfect solution (you can only enter this solution if you reside in Scotland).

Whilst doing my research I called Debt Support Trust they are a telephoned base charity and don't as far as I am aware do face to face advice, however this meant I could get all the advice from my own home. They did do an income and expenditure with me and did want to know everybody I owed money to. I was unsure about giving all my details over the telephone at first, but they assured me it was all data protected and they also took a password from me so that no one else could access the information. I was put at complete ease, once they know all the details they will issue the advice they also tell you all the downsides for entering each solution and they leave any decision making up to you.

I would thoroughly recommend giving Debt Support Trust a call, at the very worst after speaking to them you will be fully aware of what solutions are suitable for you and what steps you need to take to change your present circumstance.

Trying to find ways out of debt can be very daunting, getting out of debt is life changing.

Friday, March 16, 2012
Debt Support Trust
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Tax Man Advice

As millions suffer an ongoing financial strain, it has been revealed that as a nation we give away a staggering £12.6billion to the taxman in unnecessary tax.

Unbiased.co.uk a professional advice website in its annual Tax Action Report stated, in the tax payers year an average of £421 per person will be wasted.

We have a huge £88.6billion tax wastage over the last 10 years.

In theory this money is not entirely wasted as it does go to help fund the nations spending, however on a personnel level if it is money we are due we should make sure we apply for it.

This was the second highest recorded figure of unclaimed benefits, beaten only by last year when the figure was £13.5billion.

Unbiased findings are that the biggest amount of tax waste in 2012 is with tax credits, the amount people are losing by not claiming their child tax credits, working tax credits and pension credits correctly is £7.26billion.

The second largest area is failure to make use of tax relief on your pension contributions, there is more than £2.45billion unclaimed and third is not claiming tax relief on charitable donation more than £997million goes unclaimed.

Tax wastage what we don't take full advantage of.

£ The amount unclaimed for.

Income-related tax credits

£7.26bn

Tax relief on pensions contributions

£2.45bn

Tax relief on charity donations

£997m

Savings on Inheritance Tax

£448m

Making use of Isas

£403m

Child benefit

£401m

Avoiding tax penalties for late filing of tax returns

£307m

Savings on Capital Gains Tax

£133m

Making use of employee share schemes

£118m

Income tax and personal allowances

£83m

Total

£12.6bn

People Don't Know How To Be More Tax Efficient.

85 per cent of people say they have done nothing in the past year to reduce the amount of tax they pay, even though the tax man has been gifted a large amount.

Half of them already believe they are being as tax efficient as possible.

14 per cent don't know why they haven't done anything to be more tax efficient and a quarter doesn't know how to go about it.

The 15 per cent that have taken steps to reduce the amount they pay, of them 40per cent have changed the way they invest or save and 22 per cent have made a tax efficient purchase or investment.

Chief executive of Unbiased, Karen Barrett said: 'Looking back at the last decade and the tax wastage figures in our reports, the numbers are just as shocking now as they were then.

'This year marks our second highest tax wastage figure on record, only marginally falling from a record high last year.

'The message is clear - tax affects pretty much every one of us and with an average of £421 up for grabs for each taxpayer, we should take some time and effort to ensure that we are being as tax efficient as possible.

'Tax can be a complex area to understand and our report clearly shows that as a nation we are struggling to be as tax efficient as we could be.

'The way tax impacts on our lives will differ from situation to situation but we call on everyone to "take tax action" and to check whether there are any areas where they could improve their tax efficiency.'

What many of the general public are unaware of is that basic rate tax relief is generally applied as contributions made in to pensions; however the higher rates of tax relief need to be reclaimed via the individual's end of year tax return.

This can be an easily forgotten fact even if it was made clear to someone.

With all the bad press pensions have received lately it has had a negative effect on them all round, not only with less people investing in them but also with them being unaware of the full tax relief that can be applied for.

For a tax payers on the 40 per cent rate if they contribute £80 net into their pension this will be automatically made up to £100.

This extra £20 needs to be reclaimed through the individual tax return, however if it is not then the individual will not receive it.

If the pension holder claims correctly their income would increase by 66 per cent however if they fail to claim correctly it will only increase by 25 % still alright but not as much as it's true worth.

Due to the fact that the higher rate tax has been held back over the last few years there are more and more people getting nearer it, so this is a significant loss if you fall into this bracket and is something you should be aware about.

Wednesday, March 14, 2012
Debt Support Trust
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In Debt What Can I Do?

Debt Support Trust is a UK registered debt advice charity providing telephone and internet based advice. We're helping people who have realised they have debt problems, need advice but don't know where to turn. Well, this is stage 1 and you've come to the correct place.

In Debt What Can I Do?

The first bit of advice to anyone in debt is to seek professional, qualified and free debt advice. We always recommend a not for profit charity who will provide honest debt advice but will also care about your situation. No one suggests doing anything instantly, but have a look at what options are available.

What would you rather do? Do you prefer to see someone face to face or would you rather speak over the telephone to someone? The choice is entirely up to you. If you prefer face to face it may take slightly longer but we would always recommend the Citizens Advice Bureau.

I'm in debt... Help!

When you have made the decision we would recommend you gather as much information as possible before making the telephone call i.e. what you earn each month after tax and deductions, what you spend each month (rent/ mortgage, food, electricity etc) and how much you owe (credit cards etc). This information is essential to understanding your debt problem and to provide you with accurate debt advice.

If you decide you wish telephone debt advice remember, you are not alone, don't feel overwhelmed with shame as telephone debt advice charities like Debt Support Trust speak to many people in situations just like yours. Debt advisors are highly trained to take details and help you along the way. All information provided is confidential. If you do decide to seek debt help over the telephone your advisor will always only be a voice to you, never a face.

When you call the money advisor will ask you to make a password. This is so only you can access the information and nobody else without you giving authority. They will then take your contact details, phone numbers, addresses etc at this stage. The advisor will ask what is the best method to contact you.

I'm In Debt, What Should I Do?

Do you have any assets in your name (or jointly owned)? This may seem intrusive but it is necessary so the correct debt advice is given. Your assets can include a car, house and any holidays homes you may have.

The next stage is your income. This is the total amount you have coming into the home each month including any benefits.  At this stage the advisor will talk you through your monthly expenditure mortgage/rent, gas, electricity; all the bills that have to be paid on a monthly basis in order to keep the home running.

I'm In Debt: My Creditors

It is at the end you give the list of everyone you owe money to. This can be as long or short as is necessary but must include every one you owe money too ie overdraft, store card, catalogue, credit card, personal loan, payday loans etc.

Once you have given all this information it is now possible to discuss suitable debt solutions. It may be that the debt advisor can advise you of ways of saving money in areas they feel you are overspending. There is also a possibility you are not getting all the benefits you are entitled to so you will be advised on this.

I'm In Debt, What Solutions Exist?

If you have recently lost your job but are actively seeking work a debt charity will advise you to negotiate with your creditors and pay a token payment for the next 6 months. A telephone debt charity like Debt Support Trust can provide advice on freezing interest and charges and we can help you achieve this. All options vary depending on your circumstances.

There are many other options that you may be suitable for such as debt management, debt arranagement scheme or an IVA. You would need to discuss the entire pros and cons with the debt advisor in order to receive tailored and accurate debt advice. When you have made your decision which way you would like to proceed, the advisor will give you all the options and discuss what to do next.

A friendly debt advisor is always only a phone call away. If you do need any further advice always remember you are not alone. You can call Debt Support Trust on 0800 085 0226 or complete a debt test below.

analyseyourdebt

Wednesday, February 29, 2012
Debt Support Trust
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