Credit Card Debt and Bankruptcy
Here at the Help With Debt helpline we are often taking calls from people who have built up a welter of credit card debt. These callers have often waited for months before making that call and can often be distressed and feel they have nowhere to turn.
We are always delighted to be able to provide solutions to credit card debt. It may be that that solution is actually bankruptcy. Every week we take people through the bankruptcy process who have credit card debt. Many advisors will tell you that bankruptcy for credit card debt is the last solution you should consider. Here at help With Debt we think that the best solution to any debt problem is the one that is right for you. Not the one which may make someone on the end of a “helpline” the most commission. Yes it true many people that you call, are remunerated on selling you “their solution” which id often an IVA and they can earn thousands of pounds per month as a result of getting you to return their sign up pack.
At Help With Debt, if we give you the solution it is because it is best for you, not because we can earn money from it.
If you have credit card debt, and let’s face it who doesn’t? Then you need to deal with it. If it is not a large amount of debt then the problem can be managed by debt management, if you can afford a monthly payment in excess of £100. If not then it might be a Debt Relief Order.
