If that’s a question you’re considering, the answer is yes. After all, there is no need to be intimidated by the concept of debt advice. If you’re facing the burden of mounting debt or simply feel that the situation might just be running away with you and getting hard to manage, you have absolutely nothing to lose by seeking out impartial, professional debt advice. There are many companies that offer free, unbiased and objective debt advice to anyone who feels their situation warrants it. In fact, simply asking for advice can quickly put your mind at ease by highlighting that you have the situation in hand or by pointing out that a few minor adjustments to your budget would alleviate the stress of your debt.
Even those who are able to maintain their repayments at present but feel in a slightly precarious position when thinking about maintaining them would be well advised to discuss their options with an advisor. It doesn’t take much for your circumstances to change and if you’re just meeting the requirements now, unforeseen expenses can push you towards serious debt problems. Making the minimum payments to your credit and store cards, relying too heavily on your overdraft facility and reaching stressful situations in the run up to each payday are sure-fire signs that debt advice would be a good idea.
Everyone’s financial situation is different so even though you might feel your debt problem is minor in comparison to most people; all major debt problems have to start somewhere. Getting advice early can help to stop your relatively minor debt problem turning into something more serious. After all, the size of the problem is defined by your ability to repay the debt, not by the size of the debt itself.
There are a few trusted, well established debt advisors in the UK. Many offer free debt health checks which look at your financial circumstances and prescribe the proper course of action to suit you. Therefore, talking to an experienced debt advisor need not cost you anything but it could save you money and relieve the stress of mounting debt problems. They can offer impartial advice on the debt solution that would be best for you, whether your unsecured debt amounts to less than or more than £15,000. Remember, the severity of the debt problem is not defined by the amount of debt itself but rather by your ability to service that debt. Stopping by www.debtsolver.co.uk and taking advantage of their free financial health check can help you decide which the best solution is for you; offering you the reassurance that your situation is manageable, regardless of your level of debt.
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A Debt Management Plan can be the ideal solution for those with unsecured debt amounting to less than £15,000. On the other hand, for debts of over £15,000 an IVA would probably prove to be a better solution for you. You don’t know until you ask an expert. So, do you need debt advice?