Bankruptcy and an individual voluntary arrangement (IVA) are both forms of insolvency....
5 services you can use right now to help you deal with debt
If you need help with your debts, you might be surprised to learn that there are lots of tools and services out there that can make the whole process just a bit easier.
In fact, we have five such services on the StepChange Debt Charity website and through our friends at Money Advice Service! Let’s check ‘em out…
1: If you’re struggling to budget use the MAS debt test
The Money Advice Service (MAS) has an online debt test on their website. It can give you information on where you can find help for specific areas in your budget you may be struggling to afford, such as rent, electric and even clothing.
2: If you need help with your finances sign up to 7 Days, 7 Ways
Sign up to 7 Days, 7 Ways, our week-long support programme that gives practical advice to help you with your finances. Written by our expert debt advisors, 7 Days, 7 Ways is the perfect starting point in dealing with your debt.
By following the steps, at the end of the programme you should:
- know exactly what you owe
- understand where you spend your money each month
- know which payments are priorities
- have ideas to boost your income
- know what to do next
3: If you think you may have a debt problem use our 60-second debt test
Our 60 second debt test can give you an idea of how urgent your need for debt advice may be. It does this by asking some key questions about your debt against the danger signs we see each day with clients. Once this is done, it tells you what you need to do next to get the debt advice you may need.
4: If you want to speak to someone about your debts phone our Helpline
Give our Helpline number a call and have a chat with one of our friendly advisors. We help over 500,000 people get out of financial difficulty every year by providing free and impartial debt advice.
Our Helpline (free from all landlines and mobiles) is open from 8am to 8pm, Monday to Friday and 8am to 4pm on Saturday. You can get in touch by calling 0800 138 1111 (Calls may be monitored and recorded for quality and training purposes.)
5: If you’d prefer to get debt advice online use Debt Remedy
Our online advice tool Debt Remedy offers the same expert advice as you would receive by calling our Helpline. It can help you put together a budget in around 20 minutes. What’s more, you can log in and out of Debt Remedy, meaning you don’t need to get it all done in one go.
Make today the day you get help with your debt.