If you are in the UK use the Consumer Credit Counselling Service, they were great and best of all free. Pay off the debt with the highest interest. Ask if you can make a smaller payment which they are really obliged to accept.The Consumer Credit Counselling Service which you can find the phone number online will list all your debts together and work out what is a reasonable amount of money for you to pay off over the year or two years whatever term you want so that you can live at a reasonable level. Don’t be afraid of them they are great, and it helps you to sleep at night and stop worrying. Their service is free, and they just get you to set up a Direct Debit so that they can deal with all your debts. They can also get the companies to stop charging interest.They would not necessarily find out, unless any of the debts are connected, or if any of the agencies happen to be associated with each other.

Most agencies will be happy to see you pay something off, even if it’s a really small amount. If you pay one off in full it will be noted on your credit report, debt collectors can’t share personal information with any others so unless the other debt collector search your credit report (not likely considering they have no real need to – and it cost them money), you’ll be ok. An agency can ask for a full payment but they can’t demand it, they have to take into account your financial situation and how much you can afford. If you say you can only afford £x each month they are generally obliged to accept it – refusing offers is bad news for them if the debt ever went to court. So pay off the one and set a payment plan for the rest, never make a payment plan for an amount you can’t afford, even if they harrass you to high heaben!
make use of the SE like google or yahoo to get some ideas first if you want to get the massive information,however if you do not want to spend so much time,here http://www.DebtFreetips.info/debt-free.htm is a direct and good resource for your questions.

well don’t worry there are many online sites which provide sound debt advice and more hassle free way to find help with your debt problems. In fact, making the process of finding sound debt advice as simple as possible.thanks.

I would agree with the advise given about going to your local CAB.

They have recently helped me out of a very sticky debt situation….. you can negotiate a settlement figure with these debt collecting agencies which is sometimes well below your original balance. The CAB managed to save me about £5000….Good luck and don’t let the SITUATION GET YOU DOWN.

 

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