Making Sense Of Money

Debt Help

Debt Help

You’re in debt and finding it hard to manage – first things first, DON’T PANIC, after all, it’s only money isn’t it and, no matter how horrible things feel right now it’s usually not that bad and don’t forget that you are never alone – especially right now when there are thousands and thousands who find themselves in the same, if not worse position to you.

Again, it may not feel like it, but there are things you can do and steps you can take – you CAN find debt help and you CAN get out of this situation. The most important thing to do right now is not to avoid the issue and pretend it doesn’t exist – it ain’t going to go away so let’s face it head on! Whilst you may not be able to get rid of all your debts right away you can certainly get rid of the worry!

It’s also important to realise that you are not alone … let’s look at some of the facts – approximate numbers with accurate, up to date figures available at

The total UK personal debt stands at around £1,450bn of which secured lending accounts for £1,243bn and consumer credit to individuals £207bn. Average household debt in the UK is approx £8,000 excluding mortgages – a figure that increases to over £15,000 if the average is based on the number of households who actually have some form of unsecured loan. Include mortgages and this figure rises to nearly £56,000. This means that the average owed by every UK adult is nearly £30,000 … that’s 122% of average earnings!

Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans is over £4,000 per UK adult . The average household pays approximately £2441 each year in interest on their debts. UK financial institutions currently write off debts at a rate of £15.68m each day.

In the UK today, 331 people every day of the year will be declared insolvent or bankrupt. This is equivalent to 1 person every 60 seconds during a working day. Citizen Advice Bureaux dealt with 8,910 new debt problems every working day in England and Wales during the year ending June 2011. Approx 100 properties are repossessed every day, 142 new people become unemployed for more than 12 months every day and approx 1,600 people become redundant every day.

Still feel like you’re on your own in debt???

Just as debt problems exists so do the solutions – a variety of options to suit different debt problems, providing different debt solutions and to help you deal with debt in the right way.


This section of the Money Unmuddled website provides general and impartial UK debt information and the basics of how to deal with debt.

Debt explained in an easy to understand manor and links to companies who can help you with your debt problems, debt repayments and debt management.


debt helpHow To Deal With Debt:

Read and learn how to deal with debt and debt problems in our How To Deal With Debt page – you could even do it all yourself …



debt managementDebt Management Plan:

Just what is a dept management plan – read up and understand at our section explaining the ins and outs of a Debt Management Plan simply …



debt relief orderDebt Relief Order:

Heard about a Debt Relief Order – find out just what is a Debt Relief Order (DRO) and if it’s the right option for you …



IVAIVA or Individual Voluntary Agreement:

An IVA or Individual Voluntary Agreement sounds complicated but is it – find out all about IVAs and decide if it’s the right option …




You’re familiar with the phrase gone bankrupt but just what is bankruptcy, could it be an option for you and can it, or should it, be avoided …



debt consolidationDebt Consolidation Loans:

Or maybe you’ve seen those adverts on the television and are considering a debt consolidation loan …



Don’t forget – you’re NOT alone and you CAN help yourself to get out of debt.

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