Borrowing money can be a good thing - if you repay your debts in time, you can show lenders that you're responsible and build up your credit score. However, if you're starting to struggle with your debt, here are some practical tips and guidance on how to begin sorting your finances out.
Understanding debt and getting help
Dealing with debt can be a stressful process but there are several things you can do to improve your situation. Here's what you need to know about debt, where to find help, and how you can begin to improve your finances.
- How to get out of debt
- Good Debt vs Bad Debt: What's the Difference?
- Infographic: Is the UK’s household debt out of control?
- Debt consolidation for secured and unsecured loans
- How does debt consolidation work?
- What is a Debt Management Plan (DMP) and will it help me pay my debts?
- Debt consolidation loans for bad credit
CCJs and bankruptcy
If you're given a CCJ or you're declared bankrupt, here are the processes you'll go through, how they affect your credit score and what you can do to start to rebuild it.
- The bankruptcy register explained
- How Bankruptcy Affects Your Credit Score
- Understanding CCJs
- The CCJ register explained
Relationships and debts
Talking about and dealing with your debt can be difficult. Here's what you need to know about how relationships can affect debt, where to find help and how you can begin to improve your finances.
Insolvency is when you can’t afford to pay your debts when they're due - and there are several solutions available if you're struggling. Here's some guidance to help you understand them.