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

• There Is A New Scam In Town Called “Smishing”
  There have been a lot of scams over the years, probably since the dawn of time and money. If you are old enough you may remember the Nigerian Prince scam where they wanted to send you money because they heard you were a person they could trust. Then there were scammers and fraudsters saying you […]
• Life Insurance – It’s For The Living
  Anything of value can be insured. And some insurances are mandated legally to have. If you want to drive on the roadways and motorways in the UK, you are legally required to have car insurance. Want to protect your home and its contents, you need building insurance, and contents insurance. There is an insurance policy […]
• How Do Lenders Determine Affordability For a Loan?
  When you apply for a loan, the bank or lender looks at two main factors: Your credit and credit score. Affordability, can you afford to repay the loan. When you apply for a loan and a lender looks at your credit report and credit score, it is a done deal. Your credit score is what […]
• Can I Be Chased To India For a Loan In The UK?
  Question Hi Jon, I owe HSBC £10k and I need to leave the country due to some issues back home in India. I obviously cannot repay the loan and I need your advice. Can they trace me back in India and force me to collect the debt? Answer Hi, Have you spoke with HSBC regarding […]
• Should I Give My Friend Money For Their Business?
  Question I need some advice regarding lending money to a friend of mine. I have known this friend for many years, and they want me to lend them £10,000 so they can expand their business. My questions are, should I get legal advice on this and have things put in writing, and what happens if […]
• The World Of Credit And Lending Is Changing
  The Covid pandemic has changed a lot of how we live and what we do. Who would have thought just 18 months ago we would be wearing face masks everywhere we go, getting vaccine jabs, working more from home, or being on furlough, and using so much hand sanitiser we cannot find it in stock […]
• Have You Ever Been Bankrupt?
  Question Jon, I foolishly went bankrupt 7 years ago due to running up a huge amount of credit card debt. My bankruptcy was discharged, and I have been good with credit ever since. I am applying for a mortgage to buy my first home and the application has a question asking have you ever been […]
• What To Do If Bailiffs Come to Your Home
  If there is one word which can strike fear in the hearts of anyone struggling with their bills and finances….it is Bailiffs! If you live in Scotland, it is the Sheriffs. There are a few things that must be said about Bailiffs: There are strict rules and laws they must follow to collect a debt […]
• Are These Rock Stars Really Worth Millions of Pounds? Are They Value For Money?
  The quick answer is a resounding …YES!!! Think about it… When you look at some of the world’s richest rock stars and musicians, many ask themselves the age old question, they get their “money for nothing, and their chicks for free”. And there are plenty of rich rock stars. But the real question is, have […]
• My Business Partner Has Left The Company And I Owe The Loans. What Can I Do?
  Question Hi Jon, I went into business and set-up a partnership with someone I have known for years. Both of us were equal partners, but I financed the company, while he did all the work. That was our agreement. He now has decided he no longer wants to be a partner in the company and […]
• What Happens If I Let My Property Be Repossessed?
  Question Jon, My partner and I bought a property to let out a few years ago, and while we have had tenants in the property, they began to fall into arrears with the rent, and eventually we had to go through the process of having them evicted. When we finally got the property back it […]
• Guess Who Is The First Country to Accept Bitcoin As Currency…El Salvador!
  As investments and currency goes, Cryptocurrencies such as Bitcoin are risky, not regulated, and also not accepted in many places of the world or for purchases as currency. However, many use Bitcoin as an investment, a very risky investment. The higher the risk, the higher the possible rate of return on that investment. Cryptocurrencies, such […]
• The Financial Cost Of Getting Divorced
  When a couple split up, be it a partnership, or in my example here, getting a divorce, emotions run high! There can be various reasons for the couple splitting up and getting a divorce, and some of those reasons can bring out some of the worst in us. And with emotions running so high, it […]
• Are We Facing The End Of The Wallet?
  I was in the supermarket the other day, and while waiting in the long queue at the till, I did what most people do in these situations, I looked at the food others were buying. I wanted to see what they liked, and I was just being nosey. I also began watching how the people […]
• Universal Credit Recipients Facing a Reduction In Their Benefits
  When the Covid pandemic hit the world last year it was not just lives that were at stake, it was also the world’s economy. You cannot put a price tag on a life, but the economy for our country and others, is a living and evolving thing. The governments realised this, and also realised that […]
• Investing 101: What Should I Invest My Money In?
  You probably have heard it all before, be smart, make your money work for you. And if you have money to invest, you can make your money work for you. But therein lies the rub, you need money to invest. Investment money is money outside of what you require to live on, it is a […]
• How Do I Pay My Deceased Father’s Debts?
  Question Jon, My father died last month and we are now in the process of cleaning out his house. He lived in a housing association property, so he had no real assets. In cleaning the property, we have found numerous bills and accounts that he owed. Not just the usual utility bills, but also some […]
• Are You In Debt With Buy Now Pay Later?
  In the world of credit, Buy Now Pay Later, or BNPL, is not anything new. It has been around for donkey’s years, but in the past few years it has become fashionable again, pun intended. This due to the fact many clothing web sites use Buy Now Pay Later to aid in increasing sales. Add […]
• Memories And Experiences vs Material Possessions
  Experiences over Possessions I hear from a lot of people in debt. In debt for various reasons. Many people are in debt obviously from spending more than they earn, they over-extend themselves. This over-extension, is usually due to making purchases using credit, or using credit to supplement their income; once again, over-extending or living beyond […]
• Will Being In Debt Affect My Application For a Skilled Worker Visa?
  Question Jon, My Tier 2 Visa is due to expire and I am renewing it as a skilled worker Visa, but I am worried as I have some debts. I am not in arrears with any accounts, but I have a credit card with an open balance, a car on finance, and some catalogue debt. […]