With total UK personal debt at the end of 2007 standing at £1,409bn*, thousands of people have unfortunately found themselves in continuing debt with no where to go due to credit card usage spiraling out of control and mortgage levels barely affordable.
There may not be light at the end of the financial tunnel but there is a plausible solution at the end of this article, so to speak.
After a 10%* increase in secured lending on homes in 2007 many homeowners dread the sight of the postman walking up their driveway.
With average household debt in the UK standing at around £8,985*, mortgages not included, many people genuinely want to do something about their debt problem but their salary alone is not enough to sustain their monthly outgoings before debt re-payments are even considered, so the problem seems never ending.
No one can possibly get inside the predicament that is debt, which is understandable, but many genuinely seek some sort of alternative that will allow them to have a financial goal and solution in their life again with a horizon being financial freedom.
With the average home costing about £30* to run per day and around 6,600* people seeking advice with debt problems daily the words 'debt' and 'help' are unfortunately paired together to readily in the current climate.
There are many, many avenues for advice, and of course all should be considered.
One more avenue below, perhaps.
Advice for the most part is free, the question begs, how much towards my debt re-payments will I gain from that advice?
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