How can I get out of debt? Anyone moved country?

Answer 1

Okay here are the best 2 debt advice lines.

Consumer Credit and Counselling service
www.cccs.co.uk
0800 138 1111

National Debtline
www.nationaldebtline.org.uk
0808 808 4000


These are both free phone numbers, and both funded by the government. They offer a number of different ways to help. For Example, get rid of certain debt if held for over a certain number of years, they will give you your own adviser etc.. all for free.

Answer 2

Moving country does not make you any less liable for your debt.

Contact the Citizens Advice Bureau or Debtlinr. They will help you draw up a budget taking into account your income and outgoings, primarily repayments. Cut up your credit cards and learn the difference between want and need. Do not be tempted to take out a consolidation loan (it's still a loan) as it will leave you thinking you can afford to take on more debt. You can't. Speak to your creditors and ask whether you can work out a payment plan. Aim to pay more than the minimum payment each month, even if it's only a penny more.

If you have anything you can sell, sell it. If you can get a better job, or another job, do. But remember this will not make you richer - you are doing the additional work just to clear your debts.

Figure out what you actually need to live on for food and essentials. Put all the rest into paying off your debts. When you have cleared one debt, don't think you then have more money - put that into clearning another debt. Think long-term - it may take you several years to pay off the debts but the time will come when you are debt free.

If your debts are too severe then speak to CAB about an IVA or Bankruptcy. The latter can seriosly ruin your life, so is to be avoided at all costs. Do not speak to an "Independent Financial Advisor" or Insolvency Practitioner as they often charge. Financial advice should be free, and no one should pressure you into buying anything.

Answer 3

I think self-discipline and self-control is very important. Don't eat out so much or buy frozen food. Best is to cook yourself, it's not that difficult. Also don't be tempted to buy unnecessary things when you go shopping or day out.

Make sure you have a habit of saving some amount of money from your income. If you already in debt, make sure you pay it off as soon as you can (whether from the amount you save)

Try the following site to workout where most of your money goes. (http://www.lloydstsb.com/budget_calculator.asp) Then plan out where you can cut down the expenses.

Another good tip is apply 0% purchased credit card (normally 3-6 months) depending the bank. Use the card for your grocery shopping, petrol and so on. As you don't have to pay back until 3-6 months later, use the cash you have in hand to pay off your debt (remember you need to pay minimum payment each for the 0% purchased offer). With this method at least you can save some interest on your debt.

BUT Don't overuse the credit card than what you can afford, use it wisely if not you will build up more debt.

If you are retired, then it is a good suggestion like selling your house and move to other country where things are cheaper (due to currency exchange). If not don't bother.

Answer 4

Contact your creditors directly and arrange a realistic repayment plan. Don't use these fake companies who claim they can clear you in 5 years, you'd probably be able to do that yourself anyway, without an IVA (mini bankruptcy) on your record and without lining their grubby pockets.
If you run you had better find somewhere good to hide. I assume you can't afford to go sunbathing in Northern Cyprus for the next six years which is how long it would take for the debts and your record to clear. If you are trying to emigrate to find work they will run a UK credit check on you before issuing a visa or work permit.
Of course if your debts are more than you could earn, let alone need to live off for the next 5 years, see the Citizens Advice Bureau about bankruptcy. Speak to them BEFORE any glitzy debt consolidation firm.

Answer 5

Try contacting a company called Payplan. The web address is www.payplan.co.uk they are really helpfull. The will take in to account what you have coming in, and what you have to pay out. They will then come to an agreement with you as to how much you can afford each month, and they will contact all the people you owe money to on your behalf and set up a payment plan. They will then ask you to set up a standing order with a bank, and they will take the agreed amount out each month and pay your ceditors. They do not charge for their services and are very helpful and friendly.
I hope this help to put your mind at ease. Good Luck.
Just have to say before I go, this is NOT a loan, you are not taking on any more debt so don't worry. Do not go to companies who charge for their services they are only out to make money out of you and not to help you.

Answer 6

If you've got a house to sell and you can we some profit on the sale then you could move to france or spain or somewhere else thats cheaper than this rip off country.

Answer 7

I spent way to much money for what I earned, I just worked on a tight budget to pay it off for as long as it took. And sold loads of stuff on ebay and at car boots and did odd jobs, saved all my coppers...every little thing to help. Cut up my credit card..and left my debit card at home when I went out. The sense of achievement was great when I paid it off!

Answer 8

Sit down with a piece of paper. Work out your incoming and outgoing necessities. Work out how much money you have spare and use it to pay off your bills. Spend more time staying in and less time going out. It doesn't take long if you stick too it.

Answer 9

Looks like you are a girl ..

There's only one answer == find out which of your boyfriends is most willing and able to help you out and marry him ... your ONLY other alternative (Plan B) is to STOP SPENDING MONEY ...

Since, in my experience, telling some-one in Debt to stop spending is like saying 'stop breathing', I suggest you stick to Plan A.

Answer 10

Hi.
This site is well recommended for FREE advice on debt management etc....
http://bestukloans.co.nr