There are millions of people in the UK who are struggling with debt in some way, so you are not alone. There is no need to be embarrassed or hard on yourself, what matters is that you do something to improve your situation.
These pages have lots of information, but don’t be put off as you won’t need to read all of it depending on your situation. It will help you to manage your own budget and see what options you have to improve your situation.
There are sections to work through:
If you are at immediate risk of losing your home or essential goods or services, you should get more help straight away from an advice organisation.
Examples of where urgent action is needed are if you have been:
If you haven’t written to a creditor or made a payment towards a debt for several years, you should receive advice before you do. This is because the debt may be ‘statute barred’ and legally unenforceable, meaning you might not need to pay it.
A loan shark is someone who lends money but doesn’t have a legal licence to do so. There can be little or no paperwork to tell you about any interest rate or amount you owe, and you may not be allowed to settle your debt. Sometimes items are taken from you as security (e.g. passports or driving licences), or the person you owe money to might try to intimidate you, make threats or become violent. More information on how to deal with loan sharks.