Almost every adult in the UK has some sort of debt. Whether it be an overdraft, sick credit card, loan, car finance, mortgage, or even a student loan, most of us owe money to somebody else. Whilst most people are able to manage their debts quite well and ensure that they have enough money to make repayments each month, others can sometimes get into a bit of trouble when it comes to the amount that they owe. Running into trouble with debts can often be more common than you think, as changes to a lifestyle, for example losing a job, taking a pay-cut, or working part-time instead of full-time can all make it difficult for somebody to pay off their debts. If you live in Liverpool and want debt advice, here are some places that can help.
Citizen’s Advice
Going to your nearest Citizen’s Advice is a great way to start when it comes to getting help with your debt. If debt is mounting up and you are struggling to make the minimum repayments to your creditors, Citizen’s Advice can help you to get in touch with those who you owe money to and come to an agreement that is well suited for both parties and allows you to pay less per month to clear your debt. Citizen’s Advice is a free service that can also help you with alternative options, such as getting a consolidation loan from UK Home and Personal Loans to clear all or part of your debt.
Money Advice Service
The Money Advice Service is a free online service that is available to everybody in the UK. If you have found yourself in a lot of debt which you are struggling to pay off or are trying to improve your credit rating, Money Advice Service can be a great place to get handy tips and financial help. Along with advice about managing debt and improving your credit score, you can also find plenty of articles and how-to guides on things such as saving money, getting a mortgage, maximising your earnings, investing and more.
Liverpool Council
If you live in Liverpool and are worried about mortgage debt or are at risk of having your home repossessed, you may be able to get some help from Liverpool Council. The council works in conjunction with a range of other organisations such as Citizen’s Advice and National Homelessness Advisory Services in order to help homeowners who are afraid that they cannot keep up repayments on their mortgage. If you are struggling to pay your mortgage or are worried that you may not be able to in the near future, it’s important that you seek professional financial advice as soon as possible, as the sooner you do this, the better chance you have of avoiding arrears and repossession.
Although most of us have some debt, struggling with debt is never easy. If you’re in Liverpool, these are the best places to go if you’re looking for debt help and advice.