There are thousands of websites filled with information on loans, credit cards, mortgages, etc. All trying to sell you financial products and services.
There is simply not enough information out there about personal finance and how to deal with it.
The aim of this website is to give you the information that you need to make better financial choices. This website is aimed mainly at people who might already be in debt, will soon go into debt or are struggling with their debts.
Each page gives a brief overview of a financial product and at the bottom of most pages you’ll find a link to our solutions.
Our Solutions pages will provide you with information on how debts can be properly managed. They will help guide you to a solution that best suits you individual circumstance.
These pages will also encourage you to seek help with your debts from organisations that provide assistance for free such as PayPlan and StepChange.
We also provide information about similar organisations that can help with your debts for a fee.
It is our intention to present you with information that will help you to make an informed decision about what actions to take to start tacking your debts.
Most importantly, we encourage you to do something about your debts. Don’t suffer in silence. Seek help now.
Who Are You? Why did you create this website?
Having spent almost 10 years working in the UK financial services industry, I’m still shocked at people’s lack of knowledge about the financial industry and financial products and services on offer. People are not really to blame for this lack of knowledge as most of us were never taught anything about personal finance in school and only learn about debt management and debt collection agencies (…the not so pretty side of the financial industry) when we fall into debt.
Over the years I’ve had the privilege of experiencing the full spectrum of the financial industry while working in a number of different roles for various organisations ranging from Debt Management, High Street/ Retail and Business Banking to one of the Big 4 major Accounting firms.
From the moment a young couple secure that mortgage to buy their dream home, or the moment a young man gets approved for a loan to purchase his dream car. The moment a couple finally have the money to afford a wedding that they could not afford without the loan.
I’ve seen the look on people’s faces when they get the business loan, that changes everything and gives them the freedom they have be working for all these years.
The credit card approval that means a family can visit Disneyland before the kids are too old to care.
I have seen how access to finance can help better peoples lives.
However……..,
I have also seen what happens when a sudden change in circumstances means you can no longer afford to service your debts, or make a minimum payment.
What happens when you miss three or more payments to your creditors?
I know how families are affected by debt collection agencies and their sometimes heavy handed scare tactics.
My experience working for, a debt management company, high street banks and one of the “big 4” accounting firms in various roles along the customer journey including back office operations, has given me great insight into the workings of the financial industry.
Signed: Chief Editor
I am in debt and I need help
I'm in debt!! How do I handle this? What should I do? It seems to be getting worse.
Okay, so if you are reading this page your creditor(s) are currently trying to contact you. They've told you to pay up or face the consequences. But you just don't have the money to pay. They might even have passed your debt over to a debt collection agency.
Phone calls, Letters and Home Visits
The debt collection agency are now harassing you constantly with phone calls. They are sending you letters and threatening to visit you at home.
What are you going to do?
Well, the first thing you need to know is that you are not alone.
There are many people all over the country that are in the same situation as you are. The more affluent they are, they more trouble they seem to be in. There are various reasons why people get into debt. From being made redundant from your job, a reduction in working hours, welcoming a new baby to the family, sudden illness, your business not doing as well as expected, struggling to adjust your household expenditure to the current climate of austerity or just over spending and living beyond your means.
Is there a solution?
Yes!
There are various solutions available to help you pay your debts off in a way that ensures your repayments are affordable.
In most instances, the interest charged on your debts can be frozen so the debt doesn't continue to increase.
You can then agree a repayment plan with your creditors at a sensible amount that ensures you can still cover your living costs within reason.