Getting Help When You Are In Debt Main Image

Getting Help When You Are In Debt

In this blog we take a look at some of the resources providing help and advice with debt and the services available to help you stay informed.

Debt can be a pretty hard thing to get over, and it’s very important to stay informed on steps you can take in the event you do get in debt or think you might get into debt in the future.

It’s extremely important to get advice on your problem as soon as possible, as the later you leave it the more difficult it may be to get out of the situation you are in. The other thing to be aware of is where your advice is coming from.

Sources of financial and debt advice are generally considered official when endorsed by either the government or the Financial Conduct Authority. Below are examples of services which offer advice and can put you in contact with good sources of advice

The Money Advice Service

The Money Advice Service (MAS) is a verified, award winning service which exists online as a source of all sorts of financial information – from insurance and loan information to help on mortgages and other transactions.

The MAS is set up by the Government, and the service’s board is appointed by, but acts independently of, the Financial Conduct Authority (FCA). The FCA’s appointments of the MAS Chair and Chief Executive are subject to the approval of HM Treasury.

You can be confident on the validity of debt advice services they endorse, as well as the advice they give on their own website. In terms of finding sources of advice online, this is a great place to start.

The Citizens Advice Bureau

In terms of organisations in the country to find help with all sorts of problems, the Citizens Advice Bureau (CAB) is one of the most versatile, trusted and helpful sources of information.

The CAB not only offers debt advice and points people in the right direction, but it’s also a service where you can go and get advice face to face.

CAB advisers have to stick to a variety of guidelines and CAB centres are dotted around the country – so if you’re in a situation where things are heading towards difficulty there really aren’t very many options better than visiting your local branch.

Debt Advisors

Getting Help When You Are In Debt Image 2Both the above services offer help getting in contact with debt advisory agencies and other services specifically for helping you with debt. The best thing we can recommend is to go through these services before looking for debt advice on your own.

This is because both of these services make sure that they point you towards properly certified debt advisors – they maintain records and information on which are best at the moment or which are more applicable to your situation.

We hope this blog has provided you with some ideas on where to look if you are in need of debt advice.