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Types of Debt

There are 2 main categories of debt: Secured & Unsecured

Non Priority Debts and Unsecured Debts

Unsecured debt is a type of debt that is not secured to any asset. This would normally include debts such as credit cards, unsecured loans, overdrafts, store cards etc... Read more about Unsecured Debt.

Priority Debts and Secured Debt

A Secured Debt, also referred to as a "Secured Loan" is where you, the borrower takes out a loan, whilst securing it against some sort of asset, be it your car or property. This makes the debt become a secured debt to the creditor (the provider of the loan). Read more about Secured Debts.

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How we can help!

 

We listen

We find out about your debts and identify what options you have available, for addressing the situation.

 

We advise

We will provide information on all the debt solutions that are available for dealing with your debts.

 

We help

We could help you set up a formal solution to deal with your debts or signpost you to an appropriate provider or charity.

At Debt Advice we help people and companies struggling with debt and in need of help. We are an Insolvency company that provides confidential debt advice and Insolvency solutions - We primarily deal with IVAs, On assessment of your situation, we can let you know if Insolvency is the right approach for addressing your unaffordable debts or if there are other solutions that would be more suited to addressing your unaffordable debts. We can provide you with information on all options, meaning that you can take your time and make an informed and impartial choice on what you think is best way to tackle your debts.

If you are having difficulty paying your debts and need help or information, please click here to contact us and one of advisers will get in touch.

Need help with your debts?

If you need some help and advice on how to deal with unaffordable debts, click the button below and fill in our contact form. One of our advisors will then contact you to discuss your options.

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