Advice
Down with Debt
Informs - Advises - Educates - Unbiased - Free
Are you drowning in debt? Unable to pay your bills on time or at all? Getting angry telephone calls and letters? Worried over the future?
Learn how to cope, to regain solvency and control your personal or business finances
Facing facts?
Easy to do, the truth about debt is staring you in the face!
How do you know if you are in debt? ask yourself these simple questions
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Have you missed any regular payments?
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Are you making excuses for not paying regular bills like "the cheque is in the post", "I though my wife paid that last week"?
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Is you bank sending you letters about being overdrawn or unable to pay Direct Debits and Standing Orders
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Are you in arrears with any vital payments for more than 2 months?
Some creditors (the people you owe money to) will wait and be tolerant, others have all sorts of penalties some easy, some downright harsh. Here are a few penalties you face now or soon
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House rent - miss one payment and you are OUT
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Bank - do not have enough money to meet a cheque, standing order or direct debit and face heavy "fine" of £10-£50 each time. Fines have a habit of "rolling up" and making the debt worse, even payments to the account are eaten up by bank charges.
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Loan repayments miss a payment and face a possible "fine" on top of the bank charge, get into arrears and your credit rating reduces and you may find it hard to get new loans, or face higher interest rates.
At this point your debt is getting BIGGER
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Bank charges, fines and penalties build one after the other
So you still see yourself as NOT having a debt problem?
Time to face the facts and get to grips with the problem and deal with each debt one by one, and take a hard look at your lifestyle and spending.
As a Member you can look at the key sections on the left about how to deal with each type of debt, find links to web sites, contact names, addresses and telephone numbers which can help you get on top of debt.
Above all Down with Debt helps you deal with the problem yourself, helped perhaps by a friend, your partner or family. Dealing with debt need not be a problem you should handle on your own - make it a team effort
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You - the person with the debt
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Your friend, your partner or family member - a key person to help
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The Down with Debt web site
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People and organisations you find out about
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Your creditors and their support of your problems - do not ignore them, they can be your best friends or your worst nightmare.
Remember YOU are the one with debts, and YOU can get on top of the problem, learn how now.