Simply communicating to your creditors and negotiating affordable arrangements can be helpful towards solving debt problems, this is a way of communicating directly and explaining your situation, while still wanting to pay back your debts the best you can.
Ask the creditor for your interest and charges to be frozen
Debt consolidation usually means you taking out further credit to pay off existing debts and reduce outgoings.
This is typically borrowed from a bank or loan provider and can be a useful way of putting your current debts into one monthly, manageable payment.
There are several different consolidation providers to choose from and if you feel this is a route you would like to take, we suggest taking some time to understand any interest, charges or fee’s that will occur as a result.