#national debtline

[cassiefairy]

Should we be worrying about the effect of rising interest rates?

The Bank of England's base interest rate has been changing rapidly over the last year, with more fluctuations likely in the coming months. But how much will the prime rate affect your personal borrowing? Here are some things to consider...

Collaborative feature Whether you’ve got a long-term mortgage, short-term loan, credit card debt, overdrafts or have bought items on an interest-free plan, the changing interest rates will be sure to affect your personal budget in some way or another. Here are some of the different types of borrowing and the ways in which the variable base rate might impact you. Always take professional advice…

[news4trafford]

Trafford Council referred over 6000 debts to bailiffs in 2022/23

Newly released figures from National Debtline and the Centre for Social Justice have revealed that Trafford Council referred 6,734 debts to bailiffs in 2022/23, prompting renewed calls for improvements to be made to the council’s debt collection practices. National Debtline, the free debt advice service run by charity the Money Advice Trust, has written to the Leader of Trafford Council urging…

[thefinancehouse]

What to do if you’re dealing with debt

Dealing with debt can be difficult!

If you dealing with debt, or have a family member who is, it can be the loneliest place to be and no matter how resilient you are, eventually it will wear you down. However, there are strategies you can adopt to alleviate the situation and get yourself back on track. - Talk to someone. Acknowledging the burden and seeking help is the first step towards breaking out of the frightening spiral. A professional debt adviser can help you discover your options. There are a number of different organisations such as Citizens Advice Service (www.citizensadvice.org.uk) and the National Debtline (www.nationaldebtline.org) who can offer immediate support with advice. - Make a list of your debts. Open any correspondence that you have been ignoring and tally up everything you owe. Decide, with help from the organisations above, which debts are most pressing and prioritise them. - Be proactive. Get in touch with those companies to whom you owe money. Not only will it help you feel more in control, but it gives you a chance to seek an agreed payment plan to pay a set amount per month that you can afford and start reducing your debt. - See what you’re entitled to. If your income has been reduced because of the loss of your job for example, there may be benefits that you are entitled to claim that could help your situation. Organisations such as Moneyhelper (www.moneyhelper.org.uk/en/benefits), provided by HM Government, can show you what you can get and how to apply. - Debt Respite Scheme (Breathing Space) – You can get temporary respite in England & Wales from creditors for up to 60 days by applying via a debt adviser. They cannot add interest or charges to your debt, or contact you, and no enforcement action can be taken against you during the ‘breathing space’. Find out more about it here –https://www.gov.uk/options-for-dealing-with-your-debts/breathing-space If you’re struggling dealing with debt, don’t suffer in silence. There are organisations out there specifically to help you, and if you need assistance, we can help to point you in their direction – just let us know. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page. All the information in this article is correct as of the publish date 27th June 2024. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information. Read the full article

[lizseyi]

How Can You Minimise The Risks Associated With Taking Out A Short-Term Loan - CashCompare

To reiterate a theme that we have previously written about here at CashCompare, a short-term loan is not, in and of itself, entirely a risky proposition, nor something that will solve all your financial problems. Instead, much depends on how such a loan is used, and how it fits in with the broader scheme of how you manage your money.

So, with all that in mind, here are some of the steps you can take to reduce the degree of risk a short-term loan might present to you.

Borrow as little money as you can

This might seem obvious to some of our blog readers, but it is worth re-emphasising nonetheless: a short term loan is definitely not the kind of thing where you should borrow more money than you strictly need, just because you theoretically can borrow that much money.

After all, all funds that you borrow will need to be repaid. And with short-term loans potentially having APR rates of as much as 1,500% or more, it can be a seriously risky course of action to take out a loan for anything more than you need. This rate is a representative example; actual rates may vary depending on the lender and your circumstances.

As part of this, you should do everything you can to exhaust other financial avenues before you depend on a loan. Are there, for example, any inessential possessions of yours that could be sold to raise funds? Perhaps there are friends or family members who you could borrow money from, or maybe you could cut out certain things from your life – such as paid streaming subscriptions, a daily coffee, or going out to the pub or bar every Saturday – to help you find that vital cash?

Never commit to a loan that you know you won’t be able to pay back

This really is one of the ultimate rules of borrowing, that should be set out in bold red text: do not, ever, take out a loan if you are already aware you won’t be able to repay it.

If you do commit to such a loan and inevitably find yourself in trouble later, you will be in a much worse financial position than the one you are in right now. So, applying for a short-term loan out of desperation isn’t going to be a course of action that will serve you well.

Even if your situation genuinely seems desperate and you have investigated all other options you can think of, it would be a much better idea for you to seek help from a non-profit debt counselling agency, such as StepChange or National Debtline.

Of course, “life happens”, and you might be confident that you can repay a loan at the time you commit to it, only for a later change of circumstances to affect your ability to keep on top of your borrowing. But even if that happens, you should contact the lender immediately, so that you can agree on a feasible way for you to complete your repayments.

Compare loans online with the help of a reputable comparison website

When it comes to the world of short-term loans, there are direct lenders, but there are also credit brokers, and it is important to be aware of the distinction between the two.

As the term suggests, a direct lender is exactly that – a lender. They may be able to present you with a short-term loan option, but if they are the only lender you have approached, you will have little way of knowing whether an alternative lender out there could give you a better loan deal with a more competitive interest rate. That is unless, of course, you approach lenders individually, one by one.

But why should you do that, when you can instead go to one place? This is where the right credit broker can come in. Here at CashCompare, we are a credit broker and comparison site that maintains relationships with a range of leading lenders.

You apply through us, using a single no-obligation loan request form, and we will then get to work on sifting through the available loan products from our featured lenders. This process will make it easier for you to find and commit to a loan that represents the lowest possible risk to you.

So, if you are looking to compare loans online, why do it the slower, more laborious, and potentially riskier way? Our quote request form takes just two minutes to complete and submit, and you will be under no obligation to accept any loan we present to you through this process – a further step that will help minimise your risk.

Please note that loan approval is not guaranteed and depends on individual circumstances and the lender’s criteria.

We advocate responsible borrowing and advise all our readers to consider their financial situation carefully before taking out a loan.

"Warning: Late repayment can cause you serious money problems. Always consider if borrowing is the right option for you and ensure you can repay your loan." For help, go to moneyhelper.org.uk.

[citizensfreedebtadvice]

Free Debt Advice UK: Your Ultimate Guide to Financial Freedom

Introduction:

In today's fast-paced world, many individuals and families in the United Kingdom find themselves struggling with overwhelming debt. The burden of debt can lead to stress, anxiety, and a diminished quality of life. However, there is hope. In this comprehensive guide, we will explore free debt advice options available in the UK, empowering you to take control of your finances and pave the way towards a debt-free future.

Table of Contents:

Understanding Debt in the UK

Importance of Seeking Debt Advice

Free Debt Advice Services in the UK

a. Citizens Advice Bureau (CAB)

b. StepChange Debt Charity

c. National Debtline

d. Money Advice Service

How to Choose the Right Debt Advice Service

Steps to Take for Effective Debt Management

a. Assessing Your Financial Situation

b. Budgeting and Cutting Expenses

c. Negotiating with Creditors

d. Debt Consolidation Options

e. Debt Repayment Strategies

Legal Aspects of Debt and Insolvency

Protecting Yourself from Debt Scams

Additional Resources for Debt Management

Seeking Professional Help: Debt Management Companies

Maintaining a Debt-Free Life

Conclusion

Introduction:

Debt has become a prevalent issue in the United Kingdom, affecting countless individuals and families. However, the first step towards overcoming debt is understanding it. This section will provide an overview of the types of debt commonly encountered in the UK, such as credit card debt, personal loans, and mortgage arrears. By familiarizing yourself with the various forms of debt, you will gain a clearer picture of your financial situation and how to address it effectively.

Importance of Seeking Debt Advice:

Taking control of your debt requires knowledge and guidance, which is where debt advice services play a vital role. This section emphasizes the importance of seeking professional advice to navigate the complex world of debt. It highlights the benefits of free debt advice services in terms of impartiality, expertise, and personalized solutions. By seeking debt advice, individuals can gain a comprehensive understanding of their options and develop an effective plan to tackle their debt head-on.

Free Debt Advice Services in the UK:

This section explores the most reputable and widely available free debt advice services in UK. It covers organizations such as the Citizens Advice Bureau (CAB), StepChange Debt Charity, National Debtline, and the Money Advice Service. Each organization is discussed in detail, highlighting their services, expertise, and contact information. By providing this information, readers will be able to connect with the appropriate debt advice service that suits their specific needs.

How to Choose the Right Debt Advice Service:

Selecting the right debt advice service is crucial for effective debt management. This section offers practical tips and considerations to help readers make an informed decision. It emphasizes factors such as the reputation of the organization, the availability of services, and the qualifications of the advisors. By following these guidelines, individuals can ensure they receive the best possible assistance in their journey towards financial freedom.

Steps to Take for Effective Debt Management:

This section outlines a step-by-step approach to managing debt effectively. It covers essential aspects such as assessing your financial situation, creating a budget, negotiating with creditors, exploring debt consolidation options, and implementing debt repayment strategies. Each step is explained in detail, providing readers with actionable advice and techniques to regain control over their finances.

Legal Aspects of Debt and Insolvency:

Understanding the legal aspects of debt and insolvency is crucial for anyone facing financial difficulties. This section provides a brief

overview of relevant laws and regulations in the UK. It touches upon topics such as bankruptcy, Individual Voluntary Arrangements (IVAs), and Debt Relief Orders (DROs). By familiarizing themselves with the legal landscape, readers will be better equipped to make informed decisions regarding their debt management strategy.

Protecting Yourself from Debt Scams:

Sadly, the world of debt is not without its scams and fraudulent practices. This section educates readers on common debt scams and provides tips on how to protect themselves from falling victim to such schemes. By raising awareness and offering practical advice, individuals can safeguard their financial well-being while seeking debt advice.

Additional Resources for Debt Management:

In this section, readers will find a curated list of additional resources, such as books, websites, and online tools, to further assist them in their debt management journey. These resources offer valuable insights, strategies, and support to complement the guidance received from debt advice services.

Seeking Professional Help: Debt Management Companies:

While free debt advice services are invaluable, some individuals may require additional assistance from debt management companies. This section provides an overview of the services offered by these companies, emphasizing the importance of conducting thorough research and exercising caution when choosing a debt management company.

Maintaining a Debt-Free Life:

Achieving debt freedom is a significant accomplishment, but it is equally important to maintain financial discipline and avoid falling back into debt. This section offers practical tips and strategies for staying debt-free, including budgeting, saving, and adopting healthy financial habits.

Conclusion:

In conclusion, free debt advice services in the UK provide individuals and families with essential guidance to overcome their financial challenges. By taking advantage of these services, individuals can regain control over their finances, reduce stress, and pave the way towards a brighter future. Remember, seeking debt advice is a proactive step towards financial freedom.

[expertdebts]

National Debt Line is confidential. So even if you've heard about debt solutions that are not private, National Debt Line is not one of them. Employees working at National Debt Line work hard to ensure you're as comfortable as possible with your debt problems. Once you call, they'll ask you questions like what type of debt do you have? What factors cause your debt problems?

Most of the time, you can easily answer these questions. After all, it's been years since you needed help deciding which way to go when dealing with your debt problems. When you call, National Debt Line will ask you a few more questions to help you determine your debt problem and what they can do to help you solve it. When you're finished, you just sit back and wait for your credit cards to be paid off.

One thing you must realize: not every company offering credit card debt relief is legitimate. You need to make sure they are legally licensed to offer this type of service. National Debt Line has a license because they operate in the United States. If they don't have a license in your state, you may want to pass and find a company that does.

There are many debt solutions available online, on TV and through your mail. But what about the cost? You may think there's no need to pay for help when you can resolve your debt problems yourself. Or you might have heard that you can negotiate your way out of debt on your own.

[devid123]

National debtline | Call : 03338803165

National debtline is a financial credit advice organization. It provides a free and private loan advice service for individuals in England, Wales and Scotland. The National Dateline has helped millions of people get out of debt. They are all committed to helping you pay your obligations.Call our helpline number 03338803165 to know more!!

[robart420]

Debt Help and National Debt Advice Services UK. National debtline number for Clear Your Debt. National debt helpline contact is Avail in UK

[ultimateonlinemortgage]

Can your partner’s debts affect your credit rating? | Ultimateonlinemortgage.com Money and Relationships: episode 4 - In the fourth and final part in our Credit Cafe series on financial association, James Jones is joined by Ben Russell from National Debtline to discuss...

[news4trafford]

More than 1,200 people in Trafford applied for a Debt Relief Order in the last decade

More than 1200 people in Trafford have applied for a Debt Relief Order in the last 10 years, according to newly-published official figures highlighted by the free National Debtline advice service. National Debtline is predicting that many more Trafford residents who are in financial difficulty will soon become eligible for Debt Relief Orders, ahead of “welcome” changes starting this month. A…

[energysolutions]

Cheapest gas and electricity providers in the UK - Bristol Live

Energy bills are about to sky-rocket, with a rise of 54 per cent on the way in April.

It's Ofgem's highest ever rise to the energy cap, as it seeks to protect gas and energy suppliers - such as British Gas and EDF - going out of business.

However, it does mean consumers will be paying record amounts for their gas and electricity. So what can we do to protect ourselves? How can we keep prices down? And what's the cheapest provider in the UK? The answers to all of those questions and more are below.

Why is the energy cap going up?

A number of factors are to blame, many of them global, some of them specific to Britain. Globally, western economies have emerged from lockdowns at broadly the same time, bringing with them an increase in demand for goods, travel, and other services that require energy. Increased demand, of course, means a higher price.

The UK has been particularly vulnerable to fluctuations in energy prices as the government took the decision not to subsidise the Rough gas storage facility in the north sea. We are therefore more reliant than other countries on imports from abroad.

All this has sent the wholesale price of energy through the roof, meaning the producers - BP, Shell, and the like - get huge profits and the suppliers - British Gas, Bulb, etc - are having to pay more for their energy than they can charge us. Hence the cap rise.

How much is the energy price cap going up by?

The energy price cap is going from £1,277 to £1,971, which is a rise of £693, or 54 per cent.

Consumers must also remember that the cap is not a definitive limit on total bills - it actually applies per unit of energy. The stated amount applies to the typical household - so if you use more energy than the average household, you could end up paying more than the stated £1,971.

Which energy provider is cheapest?

We used Which?'s gas and electricity calculator for a property using an average amount of energy in central Bristol. Utility Warehouse came out as the cheapest, with a quote for £1,253.26. That's followed by So Energy (£1,315.47), Utilita (£1,317.17), Ovo Energy (£1,318.08), and SSE Southern Electric (also £1,318.08).

Be warned, it may or may not be worth you switching, depending on your current deal. Money Saving Expert says you should only consider switching if you can find a price fix no more than 44 per cent more expensive than what you're paying right now. That's because the amount you're paying is likely to increase by 54 per cent in just under two months' time.

How many people will be affected by the cap hike?

Ofgem, the energy regulator, says the rise will affect 22 million households in the UK.

What other help is available?

Ofgem recommends customers struggling to pay their bills to speak to their provider as soon as possible. Your provider may grant you a payment break or be able to arrange an alternative payment plan.

You may also be eligible for the winter fuel payment or the warm home discount. Additionally, the national debtline may be able to grant you 60 days' "breathing space" from debt repayments to get your finances in order.

In October, the government will force energy suppliers to reduce people's bills by £200 per household. This will, however, need to be repaid to the tune of £40 per year over the next five years. The scheme has led to some critics calling it the chancellor's "payday loan".

Follow the latest updates on this story and others like it here

This content was originally published here.

[joeypeterson786]

national debt helpline number | Call : 03338803165

National Debtlines in the United Kingdom. Debt Help and the National Debt Advice Services Center are both located in the United Kingdom. We offer that we will resolve all of our customers' financial and payment issues, and that they will be debt-free. For further information, please call our National Debt HelpLine Number at 03338803165!!

[expertdebts]

The National Debt Helpline Number is there for you to contact when it requires someone to speak to you about debt. This is accessible to all US citizens and absolutely free. You simply have to decide on the national debt helpline, choose an appropriate toll free number, and then top that off with a compelling, short, buildings-fronted promise.

It's quite amazing how just a few straightforward phone calls can totally transform your business and relationships with your creditors. For example, if you've been receiving collection calls or letters then by all means, get in touch with your creditors and express your willingness to repay the money you owe. But don't overdo it or mention how you've already spoken to them and they've accepted your repayment offer. Simply carry out your promised debt relief action and in no time at all, you will have stopped the calls, letters and collectors from bothering you further.

Another debt relief tactic you can use to manage your outstanding accounts successfully is called the new engine. Yes, it's a new term and it means a different task altogether. The NELA debt relief system is actually a set of measures aimed at improving your credit rating, thereby alleviating you of your financial woes once and for all. All that you have to do to implement this measure is to subscribe to the NELA plan. The process involves four elements, which include:

The National Debtline number is where you can begin your search for an appropriate NELA loan management program. When you have reached this number, all you have to do is give your creditor and your financial institution a call and inform them that you are on the verge of filing for bankruptcy and that you need professional help in terms of your debt relief order. The onus then is on the lender to work with you to come up with a suitable debt consolidation plan that suits both parties. You can be rest assured that the creditors will be willing to renegotiate and agree to do whatever is necessary in order to get some portion of their money back from you.

The second component of the new loan management program is to enroll in a debt consolidation program. Here you can seek help from debt consolidation specialists who can help you find the right debt consolidation company for you. You can then proceed to fill out the application form, thereby giving the relevant information required by the agency. Once this is done, you can expect an immediate response from the agency and you can expect your debts to be consolidated. Your credit score will gradually improve and you will soon find yourself in a much better financial situation.

[devid123]

The only non-profit service is the National Debtline Number. This aids people in resolving their debt issues. When you're in debt, the National Debt Helpline should be your first call. We are not a lender, and we do not'sell' or profit from your information. Our financial advisors provide a free, discreet, and independent service. Free guidance to assist you in moving forward gives. For additional information, please contact us at 03338803165.

[robart420]

Debt Help and National Debt Advice Services UK. National debtline number for Clear Your Debt. National debt helpline contact is Avail in UK

[adelinaamy]

credit reference agencies in uk

If you want a loan so, your credit history information is very important especially when you go for loan or mortage.Infact most of the job position you also required to show your credit  information but the Credit Reference Agencies in UK that,s works to  collect and store the information that is used to decide your credit score. A credit report contains all the information by the Credit Reference Agency. Lenders use the information and it contains to decide whether to give you credit or not then after lender give you a loan application they will surely look into your credit file.And the most important things that can damaging your credit score is. By late repayment ,Debt settled by paying lump sums,individual voluntary arrangement and last one is bankruptcy. For more information about credit reference agencies in uk if you want national debtline is here ready for help you. You can contact us