Welcome to Get Out of Debt UK

The goal of the site is simple, to provide you with free help, advice, and guidance for all of your UK debt questions. We do not sell any programs or services, just give away advice. You can click here to ask for free advice. The advisors here are volunteering their time to answer questions. The site is not funded by big money so please excuse the simple appearance.

The site may have ads on it, and that would be the only funding we receive if someone clicks on an ad. We do not select those ads or have any control over what ads you see. Google does that based on your surfing history or some other magical formula beyond our control.

Latest Posts

• Does Applying For a Loan Lower My Credit Score?
  Question I am trying to get a loan and have applied to a few banks online. I was told that by applying for a loan to a few banks it could lower my credit score, which could cause me to be rejected for the loan. This makes no sense to me, as you need to […]
• Help, I am Being Harassed By a Collection Agency!
  Question How do I get a collection company to stop contacting me? Answer You can send them some form of correspondence either in either an email, and/or in writing via the post, requesting they cease communication with you. The issue with this is that you then may no know what they are doing, meaning they […]
• Should I Invest in My Frend’s Business?
  Question Jon, I m unsure if you can provide any advice here, but I thought I would ask you. A close friend has asked me to invest in his company. The business is doing well and never closed during the virus lock downs. So it seems like a sound investment. He is asking me to […]
• The Pandemic Has Created a Huge Pent-Up Demand
  If you sit down and give it some thought, we have been in some form of a lock down for over a year! A year of our lives has been spent locked down. Amazing when you really think about it. So for that time, life for many has stopped. No going to work, no going […]
• What Are The Differences Between Co-Signing For a Loan, Being a Guarantor on a Loan, and Being an Authorised User?
  In the world of lending money and borrowing money, there are a lot of terms thrown about, terms like APR, payment rate, term of the loan, due date, and also the usual figures such as how much you are borrowing, and how much in total you will pay back. There are also some other terms […]
• Can I Get a Mortgage in Canada With Unpaid Debts in The UK?
  Question I lived in the UK as a student for a few years and left the UK 2 years ago. When I left I had some unpaid bills, a credit card, an overdraft, and a mobile phone contract. In total I owed about £4,000. I now live in Canada and am getting a mortgage to […]
• What is an Offset Mortgage and Should I Consider One?
  The formula that is usually used by lenders to determine interest rates for a loan is: High Credit Score = Low Interest Rate Low Credit Score = High Interest Rate However, then comes a pandemic, and the economy takes a dive, and while that formula of how you may receive a low interest rate for […]
• Is Student Loan Debt Worth It?
  Question This is sort of debt related, but also just seeking advice. My parents want me to go to uni next Autumn, which is OK. It costs £9,000 a year, and my degree will take 3 years to complete. In addition to the tuition costs of £9,000 per year, I also will have other expenses. […]
• Poor Health and Being in Debt
  How Do You Pay Your Bills if You Are Sick? There is a little idiom, “health is wealth”, which means much more if you have ever experienced a life changing, or long-term illness. You would give anything just to feel and be better. Having a life changing illness is enough in itself, but add to […]
• Why Did The Bank Require a Guarantor For My Loan?
  Question My question is this, I applied for a loan to do some upgrades on my home. I do not own it, I am a tenant in a housing association property. The loan was for £3,000, to buy a new fridge, washer, carpets, do painting, and in general redo the house. The bank said I […]
• Gambling and Being in Debt
  As Kenny Rogers once sang, “You’ve got to know when to hold ’emKnow when to fold ’em”. Another saying in gambling you always need to keep in mind is “the house always wins”. So why do people gamble? For some it is entertainment, it is fun to play some of the games. For others it […]
• How Can I Find Out Who I Owe?
  Question Jon, I defaulted on 2 accounts a few years back and just gave up and forgot about them. I didn’t open my post or read my emails, as I knew they were from the banks. I just wanted to run away from it all. I am back working now and want to pay these […]
• If I Go Bankrupt, What Are The Restrictions?
  Bankruptcy restrictions, or the rules you must follow if you go bankrupt, are few, but they can be how you say….restrictive. When you go bankrupt, or enter into bankruptcy, you are in essence saying I can no longer handle my finances and the debts I owe, and I need help. That help comes in the […]
• What Are The Best Ways to Finance a Car?
  Passing your driving test, theory and practical, and having a driver’s license, is a license to freedom. No more bussing it, waiting in the rain and cold, no more checking the train times, and no more asking family and friends for a lift. You are free…..but only if you have a car. So passing the […]
• What Can I Do To Get out of Debt?
  Question Hi Jon, I need some advice on how to get out of the debt I am in. I owe £35,000 due to my business failing, and another £10,000 in personal debts. I am the Director of the company and guaranteed all the business loans. I am back trading, but not at the level I […]
• Is Misrepresenting My Earnings For a Loan Considered Fraud?
  Over the years I have been asked this very question, in various ways, but the bottom line (no pun intended), has been: Can I Be Charged With Fraud If I Misrepresent My Income For a Loan? This question, as stated comes in many forms: I applied for a credit card and said I earn more […]
• Can My Sister Refuse to Share Our Inheritance?
  Question Hello, I will present my situation and then see if you can advise me. My parents own a property worth over £300,000, they were both listed on the land registry as owners. My father died 4 years ago, and my mum put my sister on the land registry as an owner of the property […]
• Being in Debt and Going to Prison
  I have addressed these two main questions about being and debt and going to prison or jail in the past a few times. There seems to be two (2) different questions: Can I Go to Prison For Being in Debt? What Happens to My Debts If I Go to Prison? Two very different questions, and […]
• Can My Credit Score Be Lowered Due to a Disputed Account?
  Question My question is this: I have a dispute with a loan company over the last payment on a loan. They say I still owe £99, and I say I paid the loan in full. Now they are harassing me to pay this £99, which I do not owe. They say if I do not […]
• Do I Need to Pay Accounts I Left In The UK?
  Question I left the UK in 2012 after my Visa expired, and when I left I owed a mobile contract, a credit card and a small loan. In total I owed maybe £5,000. I am coming back to the UK on a work Visa which my employer has obtained for me. My questions are: Will […]