When you are in debt and want to become Debt Free, it can be difficult to know if you should be using all of your spare funds to save or pay off debts. We all know that regular saving should be are an important part of our financial planning as they can offer a financial security for the future or in times of financial emergencies.

However, if you have debts then you might be wondering whether you should concentrate most of your spare funds on paying off your debts to become Debt Free as, due to the level of interest of both of these products, it could save you a lot of money in the long run. (more…)

If you are looking to reduce your debt payments, you may find that you have a number of different creditors which are all due at different times of the month, Multiple debts can be hard to handle.

If you do not make at least the minimum payment on time, then you will be facing additional charges and penalties being added to your debt, meaning that you will be seeing your debt level rise higher and higher. (more…)

Sometimes you are struggling under such a mountain of debt that you find it impossible to know how to go Debt Free. But you can start becoming debt free through tackling your debts, such as by: (more…)

An increasing number of people are seeking professional debt help in a bid to become Debt Free. The habit of using credit wisely or not at all, saving religiously, controlling your debts and planning for a Debt Free future seems to be much harder in this current financial climate.

Becoming debt free does not have to be an uphill struggle as there are financial companies which can help you in getting free debt help and can advise on a range of debt free solutions. Although the initial debt help may be free, you should be aware that you are likely to have to pay a fee for the debt solution. class="more-link">(more…)

Becoming Debt Free is now such a difficult task. Dealing with the effects of the credit crunch, such as a wage decrease and higher unemployment, means that many of us are looking for simple ways to become Debt Free.

Understanding the simplest ways to become debt free is getting more of a difficult task, as there seems to be so many solutions out there. But the simplest way to get debt free is to get back to basics, we all know that using a credit card for everyday purchases is a sure fire way to get into debt, but it still happens. (more…)

As a new wave of fresher’s start university, many think it is inevitable that they will leave University complete with a huge pile of student debt and that becoming Debt Free after a university student lifestyle is an impossible dream.

The BBC have published an article posing the question Can You Get a Debt Free Degree? They believe that it can be a reality…. (more…)

The definition of on how to become Debt Free may vary depending on which financial expert you speak to. Some believe that a true Debt Free definition means that you have no debt at all, but unfortunately debt is a fact of life for many people as your outstanding mortgage balance is also classed as a debt.

The ability to become debt free is dependant on how you view ‘what is debt free?’ as this could alter your debt free definition. If you wish to become free on unsecured debt then becoming debt free is a possibility. But if you believe that being debt free means that you have no debt, including any mortgages, then it will probably take you a while longer to become truly debt free. (more…)

If you are looking for debt advice and want to become Debt Free, it can be hard to know where to find a Debt Advisor that has your best interests in mind. Debt Free have an expert team of leading debt advisors who can offer you free UK debt advice.

No matter what type of debt problems you are suffering from be it credit card debt, store card debt or just want general advice about how to control your finances, our debt advisors can go through your circumstances and find a debt solution which is right for you. /blog/debt-advisor/#more-20" class="more-link">(more…)

Having debt that you cannot afford is a worry for many; more and more people are struggling throughout the UK, due to rises in the cost of living and the lack of lending by most banks.

If you are struggling then you should find ways of dealing with debts as soon as possible. Even if you are getting demanding phone calls and letters from multiple creditors (those who you owe money to), it is not too late to get debt help.

It is possible to deal with your debts through a range of debt solutions, all of which are offered by Debt Free. Debt solutions include:

A Debt Free Debt Management Plan

Our Debt Management Plans are designed to offer you a lower month payment to your creditors. Our plans are tailor-made to suit your financial circumstances so you can make a payment that you can afford.

A Debt Management Plan is a flexible agreement which means it can change with your personal circumstances. This type of agreement is best suited to those who have lower levels of debt, typically under £12,000. Those with higher debt levels may be more suitable for an IVA.

A Debt Free IVA

IVAs (Individual Voluntary Arrangements) were introduced as a form of government help for those who are dealing with high levels of debt and are looking for an alternative to bankruptcy.

An IVA is a legally binding contract between the debtor and their unsecured creditors. The IVA typically lasts for 60 months where the debtor agrees to make a set monthly payment over this time.

Once the IVA has been completed, any remaining debt will be written off. Not everyone is eligible for an IVA, so it is important to seek professional advice. Debt Free can find out if you are suitable for an IVA, so please get in touch with our debt free team today