We also hope the Manual will help people avoid the debt trap altogether or assist them in staying out of trouble once they have cleared their debts.
(PRWEB) October 9, 2006
The UK Debt Help Manual has been produced by debt advice organisation The Debt Counsellors to guide consumers through the personal debt maelstrom.
The UK Debt Help Manual is a free, comprehensive guide to debt in the UK, with information and tips on beating debt problems and staying out of debt.
Personal debt is a growing problem in the UK, with the total calculated at over £1.25 trillion and thought to be increasing by £1 million every four minutes.
As many as 3.5 million people in the UK are permanently overdrawn. It is estimated that two million households are on the brink of a debt crisis and an economic downturn or change in personal circumstances would plunge them into serious debt.
It is clear that under these circumstances, consumers should arm themselves with knowledge of UK debt and how to win the battle against it.
With that in mind, The UK Debt Help Manual provides a clear analysis of UK debt and details the different types of debt problems and their causes.
The Manual also explores the debt solutions to these various problems, explaining processes such as the Individual Voluntary Arrangement, or IVA, debt consolidation and debt management.
Perhaps most importantly, though, The UK Debt Help Manual offers advice on how to stay out of debt, with tips on handling credit cards and economising.
John Porter of The Debt Counsellors says: "We have produced The UK Debt Help Manual to raise awareness of UK debt problems and increase consumers' knowledge of the ways out of debt available to them.
"We also hope the Manual will help people avoid the debt trap altogether or assist them in staying out of trouble once they have cleared their debts."
The UK Debt Manual is available for free from The Debt Counsellors website