Struggling with debt is an all-too-common problem in the UK. Even those looking to combat their debts themselves may need a helping hand sometimes. There are a lot of good professionals to help you with your debts however, some of these can be quite expensive especially if you go down the route of IVAs, debt management plans or bankruptcy.
Thankfully, there are various charities in the UK that are dedicated to assisting you in getting out of debt free. These debt charities will provide you with free debt services such as support, and financial advice.
In this post, we will look closely at some of the best debt charities UK. So if you are struggling with debts you can begin to seek free professional guidance.
Debt Charities UK: A Comprehensive Guide
Debt charities (UK) are organisations whose goal is to assist those struggling with their finances. As the name suggests, debt charities (UK) are free to the UK public. This means that outside of debt management plans, IVAs, and Bankruptcy which all involve costs, there are VALID-free options that can help you get out of debt.
UK debt charities offer invaluable services to support individuals in managing their finances, ranging from free advice to emotional support counselling. Every charity has its unique offering tailored to individual needs. So, no matter how deep in debt you find yourself, help could be available!
How Debt Charities Can Help You Manage Your Finances
Financial crises can come with feelings of anxiety and loneliness. Most people keep their financial problems to themselves. Sharing your worries with these debt charities can give you a lot of mental peace.
Debt Charities UK is where you can get confidential advice on your debt problems without spending a single penny. You will feel at ease with their financial advisors.
Debt charities help you to manage your finances by:
- Providing confidential, professional advice
- Free debt-management tools and calculators
- Giving tailored debt repayment plans
- Negotiating with your creditors
- Lowering the interest rates
- Providing expert resources
- Offering free solutions for debt
- Providing free debt advice without any judgements
Top UK Debt Charities to Consider
Choosing your financial assistance wisely is crucial when considering a free advice option. There are various ads and marketed sources related to free debt advice that you will find online. Beware of these sites as there is often financial gain for the advice they give.
For your ease, we have brought you some reliable and trustworthy debt charity options. So you can use the safest options.
Step Change UK: The Leading Debt Charity in the UK
Step Change is a leading debt charity for UK residents. The government of the UK has funded it along with other UK banks and donations. They provide a comprehensive debt relief guide and further advise you on this process. Their valuable advice will help you get out of debt quickly and in a manageable way.
How does StepChange work?
StepChange uses a simple process to evaluate the financial situation of the debtors. Three basic steps are involved in it:
- Get all relevant financial information to devise a reasonable monthly budget. This helps to identify the balance between expenditures and savings.
- The next step is to provide a debt solution based on previous evaluations.
- The final step is negotiating with creditors and presenting the debt solution to them.
Experts from Step Change will stick around throughout your debt management in case you need further financial or emotional support.
National Debtline: A Top-Rated UK Debt Charity
National Debtline is a great platform to get free online debt advice. Their debt help is available via the phone and online. This way you can get free debt advice from the comfort of your home.
It works similarly to Step Change, as it assesses your financial situation first. You can also benefit from their online content that answers common debt queries.
One of the features of the National Debtline that stands out is its special help to businesses under the burden of debt.
The only downside is they do not negotiate with creditors directly on your behalf.
Christians Against Poverty: A Faith-Based UK Debt Charity
Christians Against Poverty or ‘CAP’ work with churches across the UK. The charity is organised by Christians however, you don’t have to be Christian to use their services. They provide free debt advice UK to anyone seeking it.
The organisation is relatively smaller than other debt charities. However, it is a reputable and reliable debt charity. Due to their trustworthiness, they are claimed as one of the biggest debt charities in the UK.
Citizens Advice provides free debt advice in various ways; including face-to-face appointments, phone consultations, and online support. They can help with debt related issues by budgeting, negotiating with your creditors, and finding ways to reduce your debts.
Citizens Advice also works with other organisations to promote better debt management practices and improve the support available to those in need. The organisation aims to empower you by providing the tools and knowledge you need to take control of your financial situation.
Remember, there are numerous methods you can adopt to get out of debt. Based on your circumstances, you can use different debt methods like debt management plans, IVAs or bankruptcy.
Debt Charities UK can provide free assistance on various debt solutions. However, we advise that you consult professional help via insolvency practitioners to move further. Especially if your debts are at a level where immediate action is required.
Once you are sure that you have done enough research, reach out to one of the charities listed above.