Types of Debt
There are many types of debt and it is surprising how quickly and easily the various types of debt can mount up. In this section of our site we will discuss the different types of debt you can gain.
We also offer free debt advice to all our visitors, but if you want to discuss your personal debt situation please get in touch, we treat all debt enquiries in strictest confidence.
Different Debt Types
- Credit Card Debt - Today in the UK credit cards are a quick and easy way of buying something that actually you cannot afford. Lots of people have had a credit card debt at some point but it is how you deal with it that counts.
- Catalogue Debt - Having a catalogue is one of the easiest ways to gain credit but it can soon mount up if you have a few. Getting into catalogue debt is made even worse with the interest rates that are charged and when only making minimum payments you are being charged the full interest rate on the debt that you owe.
- High Outgoings - Struggling to meet your mortgage/rent repayments? Next bill landing on doorstep just as you thought had paid them?
- Mortgage Arrears - Struggling to meet your mortgage/rent repayments? Debt problems getting you down? Don’t worry help is at hand – Back2Credit can help with the arrears and reduce the risk of you losing your home.
- Loan Debt - Most people have loan debt starting primarily with their own bank. This could have been taken to consolidate existing debt but still did not solve your financial problems.
- Payday Loans / Doorstep Loans - these can be a quick fix for a short term cash flow problem. However you can soon run into trouble if you do not keep to the original terms or factor the cost into your budget.
Call us FREE Today 0800 092 0455 to get professional and confidential debt advice. Let us offer you the best debt solutions available for your personal situation.
