Personal Debt Problems
Debt Management Help
It’s easy to fall into debt. It often creeps up on you before you even realise there’s a problem. Your income may have changed because of a change in circumstances. You may have simply taken too much on and you may be finding it hard to pay your mortgage, loans or even to put fuel in your car.
You’re not on your own and with Wigster, it’s easy to do something about it. Just click the “Get me a Quote” button below to compare the prices and services of a wide range of specialist solicitors who are experts in this field. Once you have chosen your solicitor they will be able to guide you through the whole process and act on your behalf during negotiations.
If you’re in debt and finding it hard to cope, it’s important to deal with the problem straight away – the longer you ignore your debts, the worse the situation becomes.
The first step is to sort out exactly what you owe and who you owe it to. The people you owe money to are known as your creditors. If you owe money, you are known as a debtor.
The most important debts are known as ‘priority debts’ and they aren’t always the biggest ones. Priority debts are ones where serious action can be taken against you if you don’t pay what you owe. For example, you could lose your home, be disconnected from a service or even go to prison.
Priority debts usually include things like:
- mortgage repayments
- secured loans"
- rent
- Council Tax
- utility bills
- taxes
- court fines
Non-priority debts include things like:
- credit card and store card payments
- bank loans
- overdrafts
- home-collected credit catalogue repayments
- money you’ve borrowed from family or friends
- You can’t ignore these, but you don’t need to deal with them as a first priority.
Work out a weekly or monthly budget to see what your income and expenses are, it can also show you where you can save money. A budget will help you decide what you can reasonably afford to repay your creditors, so it’s important to be realistic.
There are lots of options for dealing with debt but it’s important you get independent advice to help you find the best way of handling the problem. Solicitors specializing in personal debt issues can help you work out what you can afford to repay, talk to your creditors on your behalf about your situation and explain what you’re going to do about it.
Find a Debt Solicitor locally or nationally from a range of fixed legal cost options and select a quality Solicitor to save you money – wigster.com “Compare Solicitors, Compare Prices”
