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Overdraft Debt | Loan Debt | Debt Advice
Overdraft Debt
Overdraft debt has risen significantly in todays current climate. It is commonplace for most of us to have an overdraft in our bank accounts and it's very easy to become dependent on them every month.
People in debt who exceed their overdraft limit are facing higher charges than ever before. Some banks are charging £30 and more for even the smallest of limit exceeded.
Having an overdraft, or even exceeding your overdraft limit could have a
severe impact on your monthly income and expenditure and it is
very easy for the cycle to get out of control. Before you know it, you are deep in debt and it's impossible to get out of the situation you are in.
If you are in this position and would like to seek some debt advice or information on your bank charges or on how you could pay off or decrease your overdraft, contact us at Debt Advice.
You can ask a question instantly online now to one of our specially trained counsellors or fill in the form and one of our debt counsellors will be in touch.
You can also call us on our helpline 0844 6789 44
Opening hours
Mon to Thurs 8am to 8pm Fri 8am to 5:30pm Sat 10am to 3pm
24-hour voicemail. (Please leave a message and we will call you as soon as possible)
In debt with Loans
There are many advantages and disadvantages to taking out loans, whether secured or unsecured.
Most people take out loans to consolidate or pay off some sort of debt. They are attractive to us because of their lower repayments over a longer period of time; almost providing you with a clean slate and a fresh start.
The problem is, if you are not 100% sure that you can keep up the repayments, then you could end up even further in debt.
Also, If you do not cancel the credit deals that you consolidated into the loan, chances are, you could start spending on these aswell. You could easily end up with more debt than you had before you had the loan. It is a very common problem with loan consolidation.
If you are struggling with your loans and debt contact us at debt advice. We may be able to advise you and help you take control of your debt problem. Even if you think it is too late and you cannot manage, there are more options out there than Bankruptcy. Our Specialist debt advisors are well trained in all sorts of debt problems and debt solutions.
You can ask a question instantly online now to one of our specially trained counsellors or fill in the form and one of our debt counsellors will be in touch.
You can also call us on our helpline 0844 6789 44
Opening hours
Mon to Thurs 8am to 8pm Fri 8am to 5:30pm Sat 10am to 3pm
24-hour voicemail. (Please leave a message and we will call you as soon as possible)