Many people have trouble keeping up with credit card, loan, and mortgage repayments.
They need not look far for help because it is available online, via telephone, and in person at no cost.
These resources are safe alternatives to debt management scams that require debtors to pay outrageous charges and sometimes receive nothing in return. People who are worried about their personal finances should use the resources below for assistance.
The British Broadcasting Corporation (BBC) is a public service broadcasting corporation in Britain. It provides news and other information online and via television and radio. Resources provided on the web include information about the importance of staying current with council tax, housing payments, and other priority debts. Visitors can read an overview, access personal financial checklists, and obtain relevant contact numbers and Internet links.
The BBC Debt Test helps consumers discover how likely they are to experience borrowing issues in the near future. Users answer a few simple questions in a confidential manner and the tool indicates whether there is need for worry based on how a credit rating agency would view the financial situation. This resource also provides tips on avoiding debt issues and guidance on how to handle debt when it becomes a problem.
Financial Health Check was developed by the Financial Services Authority and the BBC. It helped citizens identify their financial priorities and receive guidance on how to achieve financial goals. It is now offered by Money Advice Service, a government organization that is funded through a levy on the financial services industry.
Citizens Advice Bureau (CAB) is a UK charity that provides advice regarding problems faced by many UK citizens including issues related to finances. Advice is available through more than 3,500 community offices in Wales and England that are operated by 382 different charities.
Citizens Advice, which has an online presence, is the membership organization for the Bureau. On this website, citizens can access self-help guides, find their local bureau location, and find a helpline number for the CAB in their country.
Each year, StepChange Debt Charity helps more than 400,000 people to take control of their financial issues. The StepChange website features a blog, informative facts regarding debt, and access to the Debt Remedy online debt counseling service. This free and anonymous tool recommends personalized debt remedies based on personal budget and debts. It takes approximately 20 minutes to progress through the Debt Remedy system.
National Debtline offers free and confidential advice online, via email, and through a telephone helpline. Its online My Money Steps service provides personalized action plans to help consumers deal with their debts. An online video, frequently asked questions, and written guide explain how the tool works.
Users create confidential accounts so they can access personalized assistance at any time. Details are saved as users complete each section of the tool, allowing people to log in later if they do not have all the information required.
The BBC provides specialized information for citizens who are struggling to manage their heating bills. One resource is the Energy Saving Trust, which offers tips for reducing energy bills and how to get help with home insulation. The Trust site also provides details about the obligation that the big six energy firms have to provide free insulation and heating to poor households or individuals living in poor areas of the UK.
Information about the government Green Deal initiative can also be found on the Energy Saving Trust website. With this program, citizens pay for energy-saving home improvement incrementally through their energy bills. Details regarding relevant governmental programs and schemes are included on this BBC Web page.