Learn all about debt and where to find free debt help through the many UK debt charities – don’t pay for debt help.
Personal debt is on the increase in the UK – here’s the latest statistics in October 2013:
- Total consumer credit lending in the UK £158.7 BILLION
- Average household debt £6,020 excluding mortgages, £54,141 including mortgages
- £164 MILLION is paid in interest on personal debt each day
- 1326 people were made redundant each day (May-July)
- 899,000 people had been unemployed for a year or more
- A property was repossessed every 17 minutes and 4 seconds
- Someone was declared bankrupt every 5 minutes and 7 seconds
Read more debt statistics at http://themoneycharity.org.uk/debt-statistics
Scary numbers you’ll have to agree – perhaps you don’t feel so alone now! Just as the numbers deteriorate access to help increases – and it needn’t cost (let’s face it, if you’re in debt the last thing you need is an expensive solution!).
Listed below are some of the main UK debt charities who are able to offer free advice and help in dealing with personal debt. There are different ways of dealing with debt depending on which country you live in so be sure to source the right information for England and Wales, Scotland or Northern Ireland.
Money Advice Service
A free service set up by Government to help people make the most of their money.
Citizens Advice Bureau
Online and face to face advice in dealing with debt – plenty of self help information and guides.
Debt England: http://www.adviceguide.org.uk/england/debt_e.htm
Debt Wales: http://www.adviceguide.org.uk/wales/debt_w.htm
Debt Scotland: http://www.adviceguide.org.uk/scotland/debt_s.htm
StepChange Debt Charity
The UK’s leading debt advice charity, previously known as Consumer Credit Counselling Service (CCCS) non-judgemental debt counselling that has helped people break free from problem debt for over 20 years.
Free debt advice and support for people with money worries and debt difficulties in England, Wales & Scotland – part of the Money Advice Trust.
Debtline England & Wales: http://www.nationaldebtline.co.uk/england_wales/
Debtline Scotland: http://www.nationaldebtline.co.uk/scotland/
Debtline Northern Ireland: http://www.nationaldebtline.co.uk/northern-ireland.php
Debt Advice Foundation
Debt Advice Foundation is a registered UK debt advice charity offering free, confidential support and advice to anyone worried about loans, credit and debt.
Christians Against Poverty
A national charity, working across the UK to lift people out of debt and poverty. CAP offer free debt counselling through a network of 233 debt centres.
Don’t pay for debt management. Payplan offer free debt management plans, free advice and experienced specialists to help you get debt-free.
Debt Action NI
Debt Action NI is aimed at helping those most financially vulnerable in Northern Ireland. They offer FREE, confidential and impartial debt and money advice.
Debt solutions are different for business – the main UK charity focussed on business debt including individuals and self employed, is listed below with branches covering the whole of the UK:
Debt advice for small businesses including individuals that are self-employed.
Business Debtline England & Wales: http://www.bdl.org.uk/englandandwales.asp
Business Debtline Scotland: http://www.bdl.org.uk/scotland.asp
Business Debtline Northern Irelend: http://www.bdl.org.uk/contentsub.asp?cid=179