Debt reduction help

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. 

 

Low interest doesn't mean reduced debt

UK consumers hoping that the reduction in the Bank of England base rate will help reduce their debt problems are likely to be mistaken.

Will reduced interest mean reduced debt?

The government is waiting anxiously to see if the huge 1.5% drop in the Bank of England base rate will reduce debt in the UK and help the struggling econ

PAYG more popular during credit crunch

A new survey from Family Mobile has found that more people than ever would be interested in switching from their contract to a pay as you go scheme, in order to reduce debt during t

Avoid debt by saving for next Christmas

Skipton Building Society believe consumers can significantly reduce debt problems by saving for Christmas a year in advance.

Government urged to reduce debt above everything else

A recent survey has found that the majority of consumers believe the government should make reducing national debt a priority over other issues.

CCCS praise consumer debt control

The Consumer Credit Counselling Service have praised UK consumers for handling their money better as debt problems become more widespread.

Reduce debt by reducing TV size

Which? have told consumers looking to reduce debt that they can save money on their energy bills by investing in a smaller television.

Reduce debt with efficient driving

According to the AA, UK consumers could reduce debts by as much as £7.7 billion simply by driving more efficiently.

Premium fuel debt just not worth it

New research from Which? has found that buying premium fuels is not worth the added expense and those that do are just unneccessarily adding to their debt.

Reduce debt with cheaper car insurance

Financial experts are advising consumers looking to reduce their debt, to shop around for the cheapest car insurance available and only invest in the cover they need.

Driving debt forces car sharing

More people than ever in the UK are car sharing, as the cost of fuel and other motoring expenses continue to push many consumers towards debt.

Inflation busting debt help from the Times

The Times newspaper is once again stepping in to help those in debt, by offering an inflation busting guide that shows consumers how to cope with the rising cost of fuel, mortgages

Mortgage debt survival guide issued

The Council of Mortgage Lenders, Citizens Advice and leading charity Shelter, have teamed up to produce a 'Borrowers Survival Guide' to help those struggling with mortgage debt<

Credit Crunch marriages common

According to research from Wedding Ideas magazine, increased debt problems and the Credit Crunch isn't slowing down the number of couples tying the kno

Green fingers reduce debt

UK consumers looking to save money and reduce debt should grow their own vegetables according to NS&I.

Consumers reducing debt with one account

UK consumers are opting to keep all their money with one provider, instead of spreading it out over different banks and building societies, in a bid to reduc

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

Energy experts are advising consumers that they can reduce debt by ensuring their home is well insulated.

Reduce debt with cold appliances

UK consumers struggling with debt problems could save as much as £700 million by swapping their fridges and freezers for more energy efficient models.

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

The Daily Telegraph have offered debt reduction help by telling consumers how they can reduce their petrol costs without having to change vehicles.

Reduce debt with energy efficiency

British Gas are claiming that consumers could reduce debt simply by being more energy efficient, after research found that the average household could cu

Debt problems force consumers into alternative action

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

Debt concerns half of the UK

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

The Consumer Credit Counselling Service (CCCS) are warning people struggling with debt to ensure they make a budget, so they know exactly how much money th

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 123next ›last »