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Frank owed £39,301...He's now paying £370 a month instead of £900.

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Mr Roberts owed £15,407...He's now paying £150 a month instead of £560.

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Debt Advice

Total Unsecured Debt

Under £15000 Over £15000

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When mounting debt starts to become overwhelming, don’t just ignore it and hope it cures itself. Get some financial first aid from Debt Solver.

The UK is in bad financial health.

Personal unsecured debt currently stands at a massive £231bn.
If we include mortgages and other secured lending, this grows to £1,449bn. That's over £1.4 trillion.
Estimates suggest this figure is still growing, by £1m every 7.3 minutes.

Unsecured debt includes your credit cards, store cards, overdrafts and other borrowing without security. Secured debts are those that use an asset as security, like your home or a car loan.

Debt problems start when you are unable to manage the repayment of your loan. When this becomes difficult, it's a sign of unhealthy finances and that's the time to talk to a professional.

What causes Debt?

Contrary to the stigma surrounding unhealthy finances, it's actually very few people who face debt problems through carelessness or reckless spending. For most, the cause of their debt problem is unexpected. The majority of people work hard and live within their means but become trapped in debt because they lose their job, fall ill or are faced with some unforeseen expense. In these circumstances, the ease with which you can attain credit can make it a very tempting prospect, particularly with a family to feed and bills to pay. Before you know it, you're in dire need of financial first aid.

So what are the warning signs?

You find yourself missing a few repayments or other bills.
You only seem to be able to make the minimum payment amount each month
You're using credit to make repayments to other creditors.

If these symptoms of bad debt persist...

Your creditors will start chasing you for payment.
You'll find that extra fees and late payment charges are adding to your total debt.
Your poor financial health may start to affect your physical health.
You'll feel added pressure on your personal relationships.

Leading to the serious effects of financial ill health...

Your creditors are chasing repayment through the courts, resulting in CCJs or bankruptcy.
Your Physical and Mental Health are severely affected by the stress of bad debt.*
Your relationships are under increased strain, leading to break up and divorce.

To help you recognise these symptoms of financial ill-health and diagnose your mounting debt problem, this section of the site will provide you with information, articles and advice on the causes, effects and treatment of your debt. Articles are dated and were correct at the time of publication.

Use our wizard to find the right debt solution for you

* NHS direct states that money issues are a common cause of stress.

The figures quoted on this page are from Credit Action's September 2008 report.

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Is debt management the right solution for me?

Could you write off some of your debts with an IVA?

Is Bankruptcy the only debt solution available for me?

Pay off all of your existing debts in part or in full with a debt consolidation loan.