DIY Debt Help
When negotiating with your creditors, there are a few key points to keep in mind. Follow the tips below for a better chance of negotiating successfully.
1. Be polite. If you are calm and respectful, showing a willingness to work together, your negotiations will be much more successful...
DIY alternatives
There are many alternatives to DIY debt. Which is the right one for you depends entirely on your circumstances. To find out more about these alternatives, read the following articles, which take a completely unbiased view on their advantages and disadvantages.
Debt management
Debt management allows you to get back in control of your finances without taking out another loan. Most commonly, this is done through a professional debt management company, but it is possible to negotiate with your creditors yourself.
Read more about debt management here
Debt consolidation
With debt consolidation you can combine multiple debts into one loan. This means your debts are easier to manage and you can often get a better rate too.
Read more about debt consolidation here
IVA
An IVA is a legally binding agreement between you and your creditors where, depending on circumstances, a large percentage of your debt can be written off.
Read more about IVAs here
Remortgage
Remortgaging can release cash tied up in your home to be used for a number of purposes. Most popular amongst these is paying off debts.
Read more about remortgages here
Latest DIY debt help articles
Remember, DIY Debt Help is a completely free, impartial service. Although the information on this website is provided by industry experts, it should never replace the advice of a debt adviser who understands your individual circumstances.
What is DIY debt?
DIY debt, or Do-It-Yourself debt, is a means of regaining control of your finances without the need of a professional company.
While much can be said of professional help, sometimes you can achieve the desired result with just a little planning, forethought and determination.