It is in fact a good question because where you live does in actual fact make a difference to the options that are available to you. In England, Wales and Northern Ireland the advice is different to people living in Scotland. If you need Scottish debt advice Debt Support Trust can help.

The important question is how you would prefer to get advice? If you prefer a face to face appointment then we recommend the Citizens Advice Bureau who provide an excellent free service. If you prefer to get advice from the comfort of your own home then we recommend giving us a call on 0800 085 0226 or by completing our debt analyser.

The first thing you must do is get free debt advice, nobody can tell you the best way to deal with your debt without being aware of your situation.

You will be asked about your income. This is all income coming into the home; wages, pensions, working tax credits, family allowance, income support, disability living allowance and unemployment benefit etc.

The next thing is to look at your monthly expenditure. This is all expenses that you occur on a monthly basis to live. This includes rent, mortgage, gas, electricity, food, clothes, petrol, home insurance, life insurance, mobile and land line phones, internet and TV packages. Also if you own a vehicle this information will be gathered too.

You may have other expenses I have not mentioned but they can be added as well.

To provide full and transparent advice your assets such as property, vehicles, endowment policy’s etc will be considered.

Probably the hardest one to face is the debt but you will need to know who you owe money to, how much you owe and how much is your contractual payment each month.

Once a debt advisor has gained all this information he will be able to issue you with the best advice to suit your own personnel situation.

This can vary dramatically from benefit advice which will help change your current income making your debt more manageable to Sequestration (if you live in Scotland) Bankruptcy (for the rest of the UK). There is however many different options in between which you may be suitable for.

Whatever options are available to you make sure you are aware of all the pros and cons to each you must make sure you are aware of all the facts before making any decision.

Once you are fully aware of how to resolve your debt problem you are on the road to living a debt free life and this in itself can bring a whole new lease of life to you. The worst thing to do is not to face up to the situation and hope it will go away as the reality is it wont.