Debt Management
CeeJay and the Credit Score Crew knows being in debt can be very worrying and stressful.
Many people find themselves financially stretched at times, maybe due to unemployment, taking on too much credit or other changes in circumstances such as a divorce.
When in debt, you need to look at all the solutions available to you and decide, which is the best option based on your individual situation. For example:
- If you own your home you may have equity in your property that could be released to help clear your debts. This is known as debt consolidation.
- If your debts are less than £15,000 and you don’t own a property then it may be best to consider a Debt Relief Order or some other debt management scheme.
There are many other potential solutions such as Individual Voluntary Arrangements (IVAs) and even bankruptcy, which are all explained in detail on our debt advice page.
Once you have read about the options, speak to a debt management professional for a confidential chat and some expert debt advice
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