It’s tempting to bury your head in the sand, but if you have mounting debts it’s vital to take action - and there are lots of things you can do to improve your money situation.
Pay particular attention to your main priority bills - mortgage or rent, utility bills and council tax - and pay those first. But if you don’t have the available funds to pay on time, consider these options:
For any other unsecured debts, there are various options available to you:
Like any debt, if you are behind in your mortgage payments it's extremely important to deal with the problem as soon as possible. Contact your mortgage lender and talk them through your current circumstances. Remember that lenders will only turn to repossession as a last resort and may well be open to considering repayment holidays or extending the type of your mortgage or the length of its term.
If possession proceedings have already been issued and you feel like you are at a real risk of losing your home, your local council’s housing needs department may be able to help find you somewhere else to live.
If you live in Shropshire, click here https://www.shropshire.gov.uk/joint-strategic-needs-assessment/vulnerable-people/homelessness/
If you live in Telford & Wrekin, click here http://www.telford.gov.uk/info/1010/housing/22/homelessness
If you live in Herefordshire, click here https://www.herefordshire.gov.uk/housing/housing-advice
The personal debt and insolvency solicitors here at Lanyon Bowdler are warm, friendly and accessible, and can offer expert legal advice to help you with any debt or insolvency issues. Our lawyers and debt advisers work with clients throughout the UK.
We offer a wide range of pricing options, including fixed fees and service level guarantees.
Give us a call or complete our online enquiry form, to see how we can help. We have offices in Telford, Shrewsbury, Oswestry, Ludlow, Bromyard and Hereford so are able to act for clients all over Shropshire, Herefordshire, Mid and North Wales and across the Midlands.
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