Free debt advice: How to deal with my debts?
Our debt advice is designed to help you deal with your debt problems and provide you with the support you need. You can get debt advice over the phone. or online, and we will recommend a range of debt solutions to you based on your situation.
Please obtain all details about your finances, including your income, outgoings and debts. If possible, with account numbers.
Simply complete our online budget form and a debt advisor will give you a call. Alternatively, you can give us a call on 0203 883 8698.
Free advice to help you with your debts:
Our advice is confidential, impartial and free. We adapt our advice to your situation. We also provide a variety of managed debt solutions and all the advice and support that you need to help you deal with your debts.
Prepare for your debt advice
What information do you need?
To ensure that the advice and solutions we offer adjust to your situation, it is important that we need to know more about your financial situation. Our online budget form will help you through everything you need in 20 minutes. If you need more time you could save your progress and complete it later. In order to get advice over the phone we will need the details of your debts, incomes and outgoings. We advise our customers to use our budget form to gather this information together before you call us.The major information that will be required for the calculating your essentials for the debt evaluation will include income variables including:
- Credit card payment records
- Loan records and information
- Child support payments
- Car loans
- Insurances health etc.
- Mortgages, rent, bills etc.
The online budget form provided by our site will allow the assembly of your information in an organized manner.
How can I find the details of my debts?
- Call Credit
They are private companies that carry the details of your debts and credit history. Most of these private companies offer a trial or free service but you could also request a copy of your credit file which will cost £2 each.
The balance sheet of your creditor company allows you to know about your debt expenses. You can get the information from your creditors to know about the details of your debts.The major details that you will find in the balance sheet will include:
- Loan details (both secured and unsecured)
- Investment details
- Taxes and liabilities including deferred taxes and liabilities
- Long-term payables and provisions
Many private companies hold the information related to the debt details of the clients. These companies can charge £2 for copy of the financial data. However, many companies do offer free as well as trial services to facilitate their clients.
1.1 Checking of credit file:
One of the most innovative sources is the checking of your credit file to find the details of your debts. You can find your financial information including utility bills, loan information, taxes’ information, investments and insurances.
You can contact public reference agencies including Equifax, Call Credit, and Experian etc. to refer to your financial credentials. The search will become easier for you as public information is also stored on client’s credit profile.
You can also get a free copy of your credit profile online using public reference agencies including:
- Equifax’s ‘ClearScore’
- Noodle’s ‘CallCredit’
- Experian’s ‘Credit Matcher’
1.2 In case, your information is not available on credit file:
The credit file will show information for the period of the last six years. After the expiration, the data will be removed automatically. If you have missed a payment in March 2011, the record for the payment will be removed in March 2017 even if you are still paying it off.
The information is removed if the account goes into default because of missed payments or if the debts are paid off. In addition, some lenders will not post the utility information on the credit file as it is not always necessary.
Checking the letters and mails regarding your credit information would be the next recommended step if you are unable to find your credit information on any of the credit reference agencies.
Do you need extra assistance?
If you are struggling to complete your budget form and need extra assistance, please don’t hesitate to call us on 0845 527 2790 and our advisors will be able to help you. Ensure you have the details about your income, outgoings and debts ready whenever you call us.
Our free debt help will ensure that you are able to solve your debt issues and manage your financials effectively to avoid any drastic circumstances. Our free helpline will assist you in most cooperative manner possible.
I am self-employed. Could you help?
If you are self-employed and you are looking for help with your debts, please contact Business DebtLine. They offer a specialist helpline to help the self-employed including advice on business liabilities, tax implications, court proceedings and any personal debts.Call them on 0845 527 2790. They open Monday to Friday at 9am til 8pm.
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