Debt Counselling

Debt Counselling. Are you having difficulty managing your money? You may be considering loan consolidation, taking out one loan to cover all your existing repayments. Be careful you don't end up even deeper in debt! The interest rates and fees charged by consolidation loan providers can be much higher than those available from high street lenders. Such loans may also come with onerous payment protection insurance.

If you're starting to struggle, your first port of call should be one of a number of free advice services to help you manage your debts:

Consumer Credit Counselling Service www.cccs.co.uk 0800 138 1111 (8am-8pm Monday-Friday)

National Debtline www.nationaldebtline.co.uk 0808 8084000 (9am-9pm Monday-Friday, 9.30am-1pm Sat)

Citizens Advice Bureau www.adviceguide.org.uk (for advice or to find local bureau)

Last Updated: June 2007 © Moneyextra.com

Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.