Get Out Of Debt With The Debt Counsellors

Share Article

Debt help organisation The Debt Counsellors is committed to helping people get out of debt, offering free and confidential debt advice in the face of increased levels of personal debt and borrowing in the UK.

The Debt Counsellors are committed to helping people get out debt and to improving knowledge of available debt solutions.

The UK has undergone a surge in borrowing through personal loans and overdrafts in recent months but debt help experts The Debt Counsellors are offering free, confidential advice to help people get out of debt.

According to the British Bankers' Association (BBA), unsecured lending via overdrafts and personal loans rose by £699 million in May, more than double the average increase over the last six months and a sharp rise on the previous month's figure of £468 million.

The BBA also reports that borrowing on credit cards rose by 16% in May.

This is further evidence of a UK personal debt problem that is thought be growing by £1 million every four minutes. However, The Debt Counsellors insist that debt solutions exist to enable everyone with financial difficulties to get out of debt.

With extensive experience in the area of debt advice, The Debt Counsellors believe they can help anyone get out of debt, no matter how serious the debt problem.

For instance, many people struggling with debts worry about bankruptcy – and indeed they should as going bankrupt means risking both income and assets. But despite this, personal bankruptcy has reached record levels in the UK.

However, The Debt Counsellors say this is due to a lack of knowledge surrounding debt and debt solutions, and urge anyone worried about their financial situation to contact them for free and confidential debt counselling.

John Porter, a senior counsellor with the organisation, says: "The debt solutions are out there and people can get out of debt with the right knowledge and good advice.

"For instance, bankruptcy can be avoided through the Individual Voluntary Arrangement, or IVA, which is a procedure that can write off a large percentage of a debt and organise the rest into affordable monthly payments over five years while the debtor can continue earning."

Porter adds: "The Debt Counsellors are committed to helping people get out debt and to improving knowledge of available debt solutions."

For more information on how to get out of debt, visit http://www.debtcounsellors.co.uk

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Mark Nunney
Visit website