Help with debt 13 April 2020 at 3:44PM in Debt-Free Wannabe 5 replies 422 views

Laura_Harley

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 

Hasbeen

Laura_Harley said:

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.  

soolin

I have moved this to a better board for responses. 

sourcrates

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 :

https://www.stoozing.com/soa.php

fatbelly

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

Mnd

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