5 Potential Consequences of Poor Debt Advice

Finding the courage to seek debt advice in the first place can prove difficult and once you’ve overcome that hurdle you need to make sure you’re getting reliable debt advice from a company you can trust. DebtSolver is part of Accuma Group, a UK plc listed on the stock exchange and we are regulated to ensure that our debt advice is always in your best interests.

Here are some frequent consequences of poor debt advice;

• Mental health problems – Conditions such as anxiety and depression are often associated with debt and financial worries. These can be aggravated and made a lot worse if you receive incorrect or insufficient debt advice that ends up making your money problems worse.
• Bankruptcy – If you pay heed to the wrong debt advice for your circumstances and the debt solution you choose ultimately fails, then one or more of your creditors may petition for your bankruptcy which may mean losing your home and possibly your job too.
• Relationship problems – The harsh reality of poor debt advice won’t just affect you but those around you as well. The threat of bankruptcy can put real strain on personal relationships to such an extent that a break-up or divorce may be the end result.
• Helplessness – Imagine having finally plucked up the courage to seek debt advice only to find that the recommended debt solution is not working, through no fault of your own. It’s common for people in this situation to feel there’s nowhere to turn and simply bury their heads in the sand. 
• Insomnia and loss of appetite – If you’ve been experiencing debt problems for a long time then you may not be a stranger to these symptoms. However, if your level of debt advice received has been poor and landed you in more difficulties, your lack of sleep and appetite could gradually get even worse, making it very difficult to function on a daily basis.
  

Your whole future and those of your family could be at stake if you act in good faith on misleading or poor quality debt advice. It’s critically important that you speak to someone you can trust to help you put an end to the misery and despair of debt so you can begin to look forward to a better future.

If you would like more information, ring Debtsolver now on 08000 434 336 (Free for UK residents only) or complete our debt wizard to see if you qualify