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Debt Help UK

British consumers are now more than £1,400,000,000,000 in debt.

At some time or another during our lives most of us will overspend and get into debt. Sometimes we can get our finances back on an even keel by cutting down on a few luxuries.

Title: Mr Mrs Ms Miss Rev Dr Prof Pte Major LCpl Cpl Sgt Forename: Surname: Telephone: Mobile: Email: I have read and accepted the Privacy Policy   What would you like to do? Request Call Back Request More Info Get help now!   Debt Amount: Please Select <£4,999 £5,000 - £9,999 £10,000- £14,999 £15,000 - £19,999 £20,000 - £24,999 £25,000 - £29,999 £30,000 - £34,999 £35,000 - £39,999 £40,000 - £44,999 £45,000 - £50,000 >£50,000 Employment Status: Please Select Employed Unemployed Residential Status: Please Select Homeowner Tenant Living with parents Other Best time to call back: Please Select Any Time Morning Afternoon Evening

It's a fact that there is now much greater and easier access to credit than there ever has been before. What people often forget is that, once they use that credit, they have taken on a debt. British consumers now owe more than £1,400,000,000,000 on credit cards, mortgages and loans.

At the end of 2007, there were 31,500,000 credit card holders in the UK. In just one month – December 2007 – they spent over £11,300,000,000 on their cards.

Paying off the full amount you owe on your credit card statement every month means you are staying out of debt. However, once you slip behind and start to leave something owing month after month, you are beginning to get into debt and taking the first steps that could lead to financial disaster.

Almost 12 million people in Britain have a mortgage. That is a loan to buy your own home or, in other words, a debt you owe. Of course few of us can do anything other than take on a mortgage if we want to own our own home and there is always the possibility of selling the property and repaying the money.

So having debts is not the problem. The problem is letting debts build up to a point where you can no longer keep up the repayments or taking on more debt than you can realistically afford in the first place.

Debt Help from Debt and You is provided by:

Debt Management Advice & Help -
Gregory Pennington Ltd
Pennington House
Carolina Way
South Langworthy Road
Salford M50 2ZY

To find out about a range of debt solutions, plus lots of free and useful debt advice please visit:

Debt Advisers Direct for Debt Solutions & Debt Consolidation Advice: http://www.debtadvisersdirect.co.uk