It has been revealed that the number of properties standing empty is in the region of around 300,000. Some of these properties are standing empty due to homeowners falling into debt and mortgage arrears. It is possible that if more individuals in the UK sought debt advice early when it came to their credit card and unsecured loan debts, more individuals will have been able to remain in their homes and pay off their mortgage arrears.

There are ways to get out of debt if you have racked up amounts on credit cards, unsecured loans, store cards or home catalogue shopping. You may wish to take iva help or ask a debt management team about a debt management plan. Either of these are solutions where you pay one monthly sum of money to your debt management team who then spread this out among those you owe money to.

If you are worried about getting in touch with creditors to try to get them to agree to the plan then do not be, as your debt management team will typically contact them on your behalf. Once the plan is in place you continue to pay the sum of money agreed upon each month and at the end of the plan, you will have become debt free.