An age of debt
We are all living in an age of debt; this is now an accepted fact. The recession has hit the UK hard and personal debt continues to grow and grow. The total amount of personal debt in Britain is now up to a staggering £1.4 trillion as large parts of the country are struggling with the same problem.
With so many people in debt there is lots of advice on how best to deal with personal debt. A big "trap" people can fall into is how they go about paying off their debt. They end up only paying the interest off and not removing any of the total debt. Another pitfall is having lots of different payments to make and failing or forgetting to make one of these payments. This can lead to penalty fees and will have a negative effect on your credit score.
The best way to avoid these traps and pitfalls is to get help to deal with your personal debt and find a way to manage your debt in an efficient manner. There are a number of agencies that can provide you with debt advice but UK Evening News has been really impressed with iDebtPlan.
Getting the help you need
iDebtPlan can tailor a plan to suit you and your debt to help you pay off as much as you can afford. iDebtPlan will roll all of your debts into one affordable payment that can be paid at a frequency to suit you. The sign up process is confidential and secure and will only take you 2 minutes to complete.
Personal debt in Britain is out of control. Continuing rises in energy prices and food shopping means we are now spending more than we can afford to just to get by. Not only is it now easier to fall into to debt it's also easier for that debt to grow as you try to pay it off. The implications of debt are not only financial there are also personal implications that can be caused by debt.
Chris Pond, the former Labour work and pension's minister, released a report on the effects of personal debt in the UK. He said "With falling real incomes and increasing costs of basic essentials, many - especially the most vulnerable - are sliding further into problem debt. The costs to those affected, in stress and mental disorders, relationship breakdown and hardship is immense. But so too is the cost to the nation, measured in lost employment and productivity and in an increased burden on public services."
One manageable payment
iDebtPlan takes all of your debts and turns it into one affordable repayment. There are no credit checks required just simply enter how much debt you have, how many creditors you owe and how much you can afford to pay each month. If iDebtPlan can help you they can send you a debt plan by e-mail, online or via the post.
UK Evening News spoke to Anthony Taylor, 32 from West Wycombe, who turned to iDebtPlan for help 5 months ago. "My debt had got to the point where it was no longer manageable. No matter what I tried it was just growing bigger and bigger. iDebtPlan was really easy to use and they sorted all my debt into one regular payment I could afford. Now I'm getting on top of my debt and it is all thanks to iDebtPlan."
iDebtPlan has helped thousands of people and they can help you to stop debt from affecting your life. iDeptPlan can help make paying off your debt a simpler, stress free task.
How to get debt help from iDebtPlan
Click here to find out how iDebtPlan can help you and in just 2 minutes you could be getting the help with your debt that you need.
This is a sponsored article.