It seems that celebrities also struggle when it comes to debt as the latest celebrity has revealed how they plan to pay off debts. Kerry Katona of Atomic Kitten fame and mum in the Iceland adverts found herself bankrupt in 2008, and has been struggling since. Now she plans to open her own kebab or takeaway shop in order to bring in much needed cash.

However this is not a solution that is suitable for everyone who is struggling with debt, but there are ways to get out of debt and one is to look into a debt management plan. Such a plan may allow you to pay off over a period. A debt management team may be able to put forward the plan to your creditors and if so you then pay one monthly sum of money, which is spread between those, you owe money. This is just one way of overcoming your debts problem, another is entering into an IVA. However, the most suitable plan depends on how much you owe.

By talking over your debts problem with a debt management team you may be able to become debt free and with money management advice you may be able to stay debt free in the future.