Debt Advice

Whilst I am not encouraging anyone to take out more debt how would 13 months breathing space feel. Time to switch your debt now.

NatWest are offering0% interest free for 13 months on balance transfers but don't delay this offer will not last forever

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There are far too many ways of getting into debt these days.

How many of these debts do you have ?

Secured loans ,unsecured loans ,student loan debt ,credit card debt , rising mortgage repayments and even maybe you have already taken out a debt consolidation loans .What we all need is a cheap loan and I think the offer from NatWest is a great one

See exactly what information on you the lenders see when deciding whether or not to give you credit. Forewarned is forearmed 

View your Experian credit report online for FREE

An informal agreement with creditors could be one option for those with unsecured debts. This is where each of the creditors is written to, either by the consumer or by a debt management agency, with a proposal for a more affordable monthly repayment of the debt. You will need to be able to offer a realistic amount each month, and if the creditor agrees to this the proposed sum will become your new monthly repayment. This means, of course, that you will be repaying the debt for a longer period but at a more affordable amount.

An official repayment plan is another option for those that can only afford to make minimal repayments to creditors. A debt management agency can help to set these plans up with creditors, and there are fee-free agencies in operation, which means that all of the payments that you make will go to your creditors rather than on commissions and fees to the agency. With this type of plan the agency contacts your creditors with a proposed repayments based in your income and the amount that you owe. The agency will work out what your disposable income is each month, and will then make a repayment proposal on a pro-rata basis based upon how much you owe each creditor. You then make a single monthly payment to the agency, and this will then be distributed amongst your creditors based upon the proposed amounts. Again, this will increase the time it takes to repay the debt, but these agencies can often get creditors to freeze interest and charges to stop the debt from getting any worse