Being honest about how much you owe and to who is the first step to overcoming a debt
problem. Many debts are often spread around (unpaid utilities bills, credit card bills, overdrafts
etc). It is easy to ignore the overall debt, focusing on each debt individually can seem a lot less
daunting. Although it can be overwhelming to face up to the total figure it is important to be
honest and understand the extent of the problem.
Independent debt advice centres will help you through the process of paying back your debt. They can help you
review your situation, decide on the best course of action and help you take the steps to get your finances back
on track. The services are also free.
We can initially refer you to Birmingham Law Centre for free confidential advice
Longer Term Arrangements
There are a number of options that an adviser will consider for dealing with all the debts together. Different
options will suite different circumstances but they include consolidating, bankruptcy, IVA’s, (Individual Voluntary
Arrangement; a legally binding way to avoid bankruptcy) administration orders and debt repayment plans.
the advisor will suggest the best solution to your debt problem.
The path to clearing your debt can take time but every step is a move in the right direction.
Taking positive steps to understand your gambling will eventually help you stay out of debt in future.