Where To Turn To If Debt Gets Too Much

Quick Quid Loans

Debt management companies are everywhere these days. It's almost impossible to turn on the television or the radio, or to open a newspaper or a magazine, without being told about the benefits of consolidating all your debts into one easy manageable monthly payment.

Using a company like this is never a good option if you are struggling with debt. OK, so your monthly payments might go down in the short term, but what you need to remember is that these companies are out to make money, and they are out to make money from YOU.

Quick Loans for Quick Quid

Every week thousands of people across the country are turning to quick loans to solve their short term money worries with an additional quick quid.

We all have times when our wages just don't stretch far enough – a loved one's birthday, an unexpected car repair, home improvements or just an accidental overspend are all things which could call for quick loans.

Quick loans are so-called because applying is fast and easy and the money will be in your account within 24 hours. To apply for a payday loan you need to be aged 18 or over and have a job that pays you a wage regularly so that you can pay back your quick loan on your next payday.

The minimum amount you will be allowed to borrow is £80 and the upper limit is £1000, but bear in mind that an additional charge of around 25% will be applied to your same day loan so always make sure you have the means to pay it back.

What you save in the short term you will end up paying for in the long run – and paying for it big time. These companies charge exorbitant levels of interest and often penalise you if your circumstances change and you are able to pay off your debt earlier than planned.

So while it might be tempting to be roped in by these companies, they are not always the best option for you. Here is a list of FREE charitable organisations that can help you manage your debt at no additional cost to you.

Citizens Advice Bureau (CAB)

The Citizens Advice Bureau is a charity that aims to provide independent advice and solutions to people who really need them. The service is completely free and confidential, and is also impartial meaning that they will give you the best advice for YOU.

Although CAB helps people with problems in all walks of life, debt management is a particular strength of theirs and they have a fantastic reputation for their work in that field.

Consumer Credit Counselling Service (CCCS)

The CCCS describe themselves as the UK's leading debt charity, and they help more than 500,000 people in Britain with their debt problems every year. Just like CAB, the CCCS service is completely impartial and anonymity is assured, meaning that nobody will find out about your problems if you don't want them to.

Using the Consumer Credit Counselling Service will never cost you a penny, and they will offer advice based on your own unique circumstances. This allows them to develop a plan that is tailored specifically to your needs.

National Debtline

National Debtline offers free and confidential advice to individuals and also to businesses that are struggling with debt. They use a team of approved professionals, mortgage advisors, accountants, insolvency practitioners and lawyers, but since they are a charity they will never pass the cost on to you.

National Debtline prides itself on offering solutions that best match a person's unique individual circumstances.

You Could Also Try...

The Debt Advice Foundation, Christians Against Poverty, Payplan and Community Legal Advice" are all free charitable organisations that offer advice and solutions and charge no fee.

So don't be tempted to pay over the odds to use the services of a debt management company. Instead, seek out the free impartial advice of these excellent charities.

Avoiding Debt With Quick Loans

The best way to deal with debt is to try not to let your debts mount up in the first place. With a quick loans you can borrow a few quick quid, enough to cover your bills and direct debits until your next payday. That way you can avoid heavy bank charges and fees, and you can pay back quick loans on your next payday when you have money.