where can i get debt advice?

Question

I've got about £10,000 of Unsecured debt and just entered into a DMP with a company called LA Debt (www.ladebt.co.uk). Seem really good so far and they have dropped my payments. Ha anyone else used this company or other companies like them?

Answer 1

your best bet is to go to your local Citizens Advice Bureau. they give FREE debt advice and explore all the options open to you.
debt advice companies dont do it for free and often cant stop court action being taken against you i.e. wages arrestments, bank arrestments, sale of assets, bankruptcy, etc.
we can offer you advice about negotiating with the company at lower levels without charging you. there are other avenues such as Trust Deeds (Scotland) where it is a voluntary arrangement that lasts for about three years, you pay a certain sum each month (at least £150) each month and at the end of it your debt is cleared.
if you have no assets bankruptcy is an option depending on what you want to do in your life. if you are in England this lasts a year but in Scotland it is still 3 years.
debt companies tend to be a rip off, go to your CAB or local councils Money Advice team.

Answer 2

I was in apx £9000 4 years ago, I registered with a company called Harrington Brooks (have not changed to All clear Finance) I paid them a sum each month, and they basically paid the companies for me, and had my interest frozen.
I paid them about £60 per month for them to do this, so in January this year I contacted Payplan.co.uk (they do the same job, but do not take a monthly payment) they said as I was in debt under £3500 they could not register me, but sent me a pack of how to go it alone.
So far so good, ive worked it out thatby this time next year I should be debt free! Cant wait!

Answer 3

Jean Chatzky, editor-at-large for ‘Money Magazine’ and an AOL Money Coach, is a go to counselor for anyone looking to reduce their debt, credit-card or otherwise. She is the financial editor for NBC's Today Show and often hosts a series of money minutes, "Talking Money with Jean Chatzky", on CNBC. Chatzky is a columnist for ‘Time’ and ‘USA Weekend’ and is the author of four books, including the best-seller, You Don't Have to Be Rich. Jean has appeared on The Oprah Winfrey Show, Live with Regis & Kelly, The View and numerous other programs.

Let Jean Chatzky show you simple ways to drive away debt and clean up your credit so you can start saving. Her workshops: Ditch Your Debt (http://coaches.aol.com/money/jean-chatzky/saving.html?defaultTab=1&defaultItem=1)
and Boost Your Credit (http://coaches.aol.com/money/jean-chatzky/saving.html?defaultTab=2&defaultItem=1), are just what you’re looking for!

Answer 4

i might want to work out a electorate suggestion bureau first, they offer loose suggestion, even no matter if it truly is only to point you in yet another route like a debt administration organisation. sturdy success, i imagine that you're taking the right steps, and by no potential immediately into this way of consolidation personal loan organizations.

Answer 5

The best advice i ever got regarding my debt was from the Citizes Advice Bureau
They contact all of your creditors
Make payment plans
And help manage the money you do have
And it's all 100% free

Answer 6

The "Get out of Debt" section on financial website THE MOTLEY FOOL is generally regarded as THE best place online to get started if you want to Get out of Debt.
http://www.fool.co.uk/get-out-of-debt/get-out-of-debt.aspx

Answer 7

Need advice ?

STOP SPENDING MONEY YOU HAVEN'T GOT

If you have ANY free cash, use it to reduce your Debt. faster