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Debt reduction help

Submitted by Paolo on Fri, 2006-08-11 09:34.

Debt reduction help can come in many forms and the level of debt you have will dictate how much you need.

No matter how severe your debt is there are things you can do to reduce the amount you owe. For instance, if you have smaller debts like a few hundred pounds you can't seem to move on a credit card there are options available to you. You could do a balance transfer to a card offering 0% interest, meaning your repayments go further towards repairing your debt.

Larger debts will require more in-depth debt reduction help. So if you have multiple debts of a few thousand pounds you might consider a debt consolidation loan to pay off all your existing lenders, leaving you to make more affordable payments on one loan with a better rate of interest.

If you have arrears in the amount of fifteen thousand pounds or more with little hope of getting out of the red, you might want to consider an IVA or Individual Voluntary Arrangement. This is a serious form of debt reduction help and as such requires a good amount of thought.

If you're looking for debt reduction help, we have many useful articles and other resources to ensure you can find a solution that works for your personal situation. 

 

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Debt help from the Times

The Sunday Times has offered consumers debt help in the form of advice on how to generate extra cash by using their homes.

Reduce debt by insulating your house

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Debt reduction by capping energy prices

Now is the time to cap your energy bills in order to reduce debt according to a number of leading financial analysts.

Debt reduction advice with cheaper fuel bills

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Reduce debt with energy efficiency

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People experiencing debt problems are turning to alternative solutions to improve their situation and dig themselves out of the red.

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New figures from GoCompare have found that 49% of people in the UK are either worried or seriously worried about debt and their financial year ahead.

Debt ridden consumers still not budgeting

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Debt amongst the elderly could be eliminated

IFG Financial Services say that debt amonst the elderly could be reduced if consumers were given proper advice about saving towards a pension.

Retirement debt could be avoided

New findings from Just Retirement have found that many UK pensioners are missing out on extra money that could help them avoid debt, with the total loss es

Holiday debt a result of uncontrolled spending

Research from NS&I has found that many consumers get into debt by letting their holiday spending get out of control.

Consumers in debt stashing the cash

Many of the UK consumers who are struggling with debt problems would consider storing their money under their mattress  instead of in a bank according to

Credit crunch debt worries the elderly

People over the age of 50 in the UK are concerned about how the credit crunch will effect their pension and investments and are concerned they will eventually end up in

Seek debt help advice quickly

UK consumers should ensure they seek debt help advice as quickly as possible according to Transact.

Fixing fuel bills might reduce debt

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Hidden away gadgets could reduce debt

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Reduce debt - chnage your mortgage to a loan

With many UK consumers struggling to find a suitable mortgage deal that will keep them out of serious debt, one industry expert has advised people to consider mov

Toy theft pushes parents into further debt

Nearly a quarter of UK parents will see their child's toys stolen at some point, causing added debt when having to replace them with new ones.

Saturday is debt day in the UK

UK consumers will spend an average of £549,000 on Saturdays alone making it the worst day of the week to build up significant debt problems.

Debt causes unfinished renovations

There are some 1.7 million UK homes that have unfinished renovations, 29% of which cite debt and financial problems for the incomplete work.

Repair products to avoid debt

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Savers could be hit as they try to pay off debts

UK consumers who tap into their savings in order to pay off their debts on a regular basis, could be charged by their providers for every withdrawal they m

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