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Need Advice On Debts? Which Service Should You Turn To? by Michael Challiner
As the UK��s recession develops,[link widoczny dla zalogowanych], debt advisers are being swamped by people desperately struggling to manage their mortgage repayments, credit cards and loan repayments. There has been a 40 per cent increase in people with arrears on mortgages and secured loans say the Citizens Advice Bureau, compared inquiries in 2008. The Consumer Credit Counseling Service (CCCS), which also offers free debt advice, is receiving 1, 500 calls a day,[link widoczny dla zalogowanych], while calls to the National Debtline are up 35 per cent. So, if you have debt worries how can these confidential services assist you?

The Citizens Advice Bureau (CABs), who are they? They area a network of more than 3, 200 CABs around the UK staffed by volunteers. Most of these offices have trained debt advisers.
What do the CABs do? To start with before they can advise you, they need to know about your financial circumstances. So they will help you produce a list of creditors and income and expenditure.
Once this is completed, they will double check whether your income can be increased. For instance, you may not claiming benefits or perhaps you are on the wrong tax code. Then they will consider your family expenditure. They look at your household bills and finance repayments to see where you can save cash.
Your debts will be divided into priority debts - that's payments such as mortgage or rent, council tax and utilities - and your non-priority ones, such as unsecured loans, credit cards and HP.

You will then be given letters to post to all your creditors requesting them to put action against you on hold pending a repayment plan being agreed.

The adviser at the CAB will then help you to negotiate a repayment plan with your priority creditors - your mortgage lender or landlord, local authority and utility companies. The balance of your income after meeting your family's other living expenses can be offered to non-priority creditors based proportionately on how much you owe to each of them.

As part of the negotiations with unsecured lenders the CAB always asks for the interest and charges to be frozen, but not all creditors agree to it. But their experience is that as long as the offer is fair, creditors know that the Courts will usually support the CABs proposals and so creditors usually accept in the end. The CAB will also help if you are threatened with your house being repossessed and with any other debt related Court action against you.
The good points: The CABs service is usually face-to-face, which means they can sort out the paperwork with you. They can then sit with you whilst you talk to your creditors. They may also help you deal with the Courts.
The bad points: As more of us struggle with debts, their services are stretched, so you may have to wait weeks, even months, for an appointment.

The Consumer Credit Counseling Service (CCCS), who are they? The CCCS is primarily a telephone and online based service, although you can make an appointment to visit one of their 10 regional offices. These are mainly in the North.
What do the CCCS do? The CCCS will draw up a budget with you to see how much money you really need to live on. Then whatever remains can be used to repay your priority debts and then your non-priority creditors.
The average client at the CCCS owes a total of 28, 000 pounds to eleven creditors (this is excluding their mortgage. ) For some, the counseling alone is sufficient to put them back on track financially. More serious cases join the CCCs's debt management programme. The CCCS will then negotiate repayments with the creditors and ask to freeze charges and interest.

Once in a debt management plan,[link widoczny dla zalogowanych], you make one payment each month to the CCCS and they divide and distribute that money between your creditors thereby deducting the entire amount from your debt.
The good points: Debt management plans are easier to manage than continuing to repay several different creditors yourself. You can anonymously receive online counseling through a question-and-answer service.

The bad points: In order to enter a debt management plan, you will need enough spare income after essentials.

The National Debtline (ND),[link widoczny dla zalogowanych], who are they? They are the original telephone-based debt advice service.

What do the ND do? The ND send you a form to help your budgeting plus suggested letters to send to your creditors. They can also talk you through your financial situation and offer information and advice. They can advise you what your creditors can do legally and suggest ways you can increase your income.

The good points: The service is quick and packed with constructive information offering assisted self-help.
The bad points: They will not speak to your creditors on your behalf. You are on your own.
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