Help with debt

Hi everyone
I have just over £8000 worth of debt and am really struggling to keep up with the monthly payments as well as household expenses. I'm also on universal credit. 
My credit score is now really bad. I wanted to transfer all of the debt into a card so that I could just make one payment but I can't do that due to my score.
Would National Debt Advice be a good place to start? And what help can they give exactly? 
Many thanks
Laura 

Replies

  • HasbeenHasbeen Forumite
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    Hi everyone
    I have just over £8000 worth of debt and am really struggling to keep up with the monthly payments as well as household expenses. I'm also on universal credit. 
    My credit score is now really bad. I wanted to transfer all of the debt into a card so that I could just make one payment but I can't do that due to my score.
    Would National Debt Advice be a good place to start? And what help can they give exactly? 
    Many thanks
    Laura 

    Laura. This is the board for:
    Local money saving. Spotted a local bargain? Let local MoneySavers know!

    Perhaps posting in the Debt Free Wannabe  board will get you more advice re debt etc ,than posting about local bargains?

    More people go there to advise.  :)

    The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon
  • soolinsoolin Forumite, Ambassador
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    Forumite
    I have moved this to a better board for responses. 
    ’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected]

    All views are my own and not the official line of MoneySavingExpert.
  • sourcratessourcrates Forumite
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    Hi,
    No, National Debt Advice is not a good place to start anything.
    They are a fee charging IVA lead generating company, all they want to do is sell you an IVA.

    Free debt advice should only be sought from the free debt advice charities listed in my signiture, with around 8k of debt, a debt mangement plan would most likely suit your needs, do some research, they are available for free, why not post a statement of affairs first, so we can comment more constructively :


    Ex Board Guide.
    “A man who pays his bills on time is soon forgotten. - Oscar Wilde"
    “If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.” -JPMorgan Chase"
    "I don`t trust Bankers, I don`t trust Banks, and I don`t trust you. -Private Frazer"
    For free debt advice, contact either : Stepchange, National Debtline, CitizensAdviceBureaux.
  • fatbellyfatbelly Forumite
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    National Debtline are free and impartial so they would be OK but you have to be careful as for every reputable organisation (Citizens Advice, Stepchange) there are sharks trying to impersonate them.

    It is going to be difficult to manage £8k of debt while on UC but if you post a statement of affairs (format for mse) we'll have a look

    https://www.lemonfool.co.uk/financecalculators/soa.php
  • MndMnd Forumite
    1.7K Posts
    1,000 Posts Fourth Anniversary Name Dropper
    Laura, I would suggest you ask the mods to change your user name if you don't want anyone you know to know your business 
    No.79 save £12k in 2020. Total end May £11610
    Annual target £24000
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