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Who can I pay for professional advice on debt management?
I’m a contractor operating through a limited company. I currently have unsecured debt which is being consolidated via a proposed mortgage further advance, and I also have overdue Self Assessment tax to manage.
I’d like guidance on whether the further advance is the right strategic decision and help building a structured 12–24 month plan covering cash flow, debt reduction, and tax provision planning going forward.
I’m looking for holistic planning support rather than product advice but financial advisors don't want to help, who can I pay for professional advice?
Comments
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Available debt options as well as support and advice, is a service offered free to business users by Business debtline:
Debt advice | Free Debt Advice and Support | Business Debtline
The rest of the free debt advice charities do not deal with the self employed.
I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it 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 forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter2 -
Personal or company debt?
Life in the slow lane0 -
You are moving unsecured debt on to what? Property that you live in? Unlikely ever to be a good move.Leave it where it is
Free advice
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Borrowing to pay debt is always to be done with care
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Do not take out a mortgage to pay off unsecured debt. The tax is the priority. Speak to the tax office about a plan to repay. Normally self employed pay an accountant to deal with tax planning, cash flow etc not an IFA.
I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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 forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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