Getting into debt

Getting into debt

There can be many causes of debt, particularly in these days of multiple credit cards, overdrafts, easy loans and other ways of borrowing money. It’s all too easy to build up serious debt. In this case an IVA (Individual Voluntary Arrangement), Debt Management Plan or another debt solution may be worth considering. But talk to the Debt Advice Trust first to ensure you act upon the best advice.

As a registered not for profit organisation we can be relied upon to give you honest, impartial advice. Our Debt Counsellors are fully trained and have expert knowledge of the causes of debt and, more importantly, all the debt solutions available for helping people finance their debt problem.

Putting you back in control of your finances

Although there can be many causes of debt, it’s when debt becomes a serious problem and you struggle to meet the repayments that you know you need to find a way out - and fast. The Debt Advice Trust exists to help get you all the advice you need so that you can make an informed assessment about the various debt solutions that may be open to you.

Meeting your monthly repayments

Of course the main cause of personal debt is when your earnings can’t keep pace with your monthly debt repayments and you start to slide further and further into debt. Don’t despair, debt solutions exist precisely for this kind of situation. Talk to the Debt Advice Trust to find out more.

Causes of debt FAQ's

• Q: What if I have run up huge debts on my credit cards?

  A: We don’t make any judgements about how you have come to be in debt. Talk to us in confidence as all we want to do is provide you with debt advice you can trust and which will ultimately help you to become debt free.

• Q: What if I have all kinds of different debts?

  A: This is very common and why debts can become unmanageable. You may need to consider an IVA or some form of debt consolidation. Call the Debt Advice Trust today for some expert advice.

More debt FAQ's