Start managing your credit card debt now!

If you should ever not pay a credit card balance, that blotch stays on your record and can prevent you from getting a car loan, a mortgage or a plain old department store credit card.

The Credit Helpline tends to advise against bankruptcy - it will be on your credit record and affect your credit rating for seven to ten years.












The Credit Helpline help families with the potential to reduce their monthly payments, reduce interest payments and consolidate debt - potentially to save money and improve their lifestyle.

Use our online calculator to see by how much you could be potentially reducing your monthly repayments nand then request a callback from one of our Advisers.

Here are some tips on managing credit card debt:

• Pay more than the minimum each month
  Pay more than the minimum payment each month, if you ever hope to pay off your credit card debt. You must also pay on time or a finance charge will be added onto the total, creating a larger minimum payment for the next month - and a larger finance charge added to the total again if you don't pay it.
• Create a system for credit card debt
  You need your own deadline each month for paying bills. There are good software programs for keeping track of your financial records.
• Negotiate with credit card companies
  The amount of credit card debt in Britain has made creditors realise that if they don't want people backing down from their obligations completely (in other words, if they want to get any money back), it is necessary to negotiate helpful repayment plans.

Contact the card's collection department and let them know that you're having financial difficulties and need to have your interest rate lowered. They are more than likely to ask "What can you manage?".

Request a lower interest rate. Some credit cards will offer to pay off all your old credit card debt at a lower interest rate if you switch. Call your existing credit card company and inform them of the deal you've been offered; ask if they can do better, and go with whichever is lowest.
• Write letters to creditors
 

If you have a limited budget for debt reduction, write letters to each of your creditors acknowledging the situation, and tell each one when you can begin repayment. They'll appreciate your honesty and willingness to address your situation. You'll also attain yourself some breathing space.

• Write down what you can pay creditors each month
  If you have a limited budget for debt repayment, write down what you can pay each creditor each month. Split the total debt into proportionate percentages for each creditor. This way, you can be fair and open with your creditors.

And remember, some creditors may intimidate you in an attempt to secure a preferential repayment. Do not be intimidated. You have figured out a plan and are truly attempting to deal with your situation.
 








*Telephone calls are monitored and may be recorded for training purposes
The Credit Helpline is provided by Asset Design Limited, a team of experienced advisers operating independently from the finance houses.

 They work closely with Advice Bureaus and debt counsellors to help people, regardless of circumstances (whether self employed or retired, with a good credit rating or with CCJs, tenants or home owners). Our aim to help our clients save money by managing debt more successfully and aiming to procure BETTER mortgage, remortgage and loan rates and terms.
 









ADVICE:THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Head office: Shaw House 110-114 Barnards Green Road Malvern Worcestershire WR14 3ND

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Helping you with:
Credit card debt
Managing debt
Credit card advice
Reducing monthly interest payments
Debt consolidation

Asset Design Limited is authorised and regulated by the Financial Services Authority

HELP & ADVICE
Addressing a Poor Credit Rating and CCJs
Advice on improving your credit rating and borrowing money with an impaired credit
Managing
Credit Card Debt
Advice on coping with credit card problems
Debt Consolidation
See by how much you couold potetnially reduce your monthly repayments each month with our online calculator
Credit Card Advice
Advice on analysing credit card offers; holidaying abroad; reviewing current offers
Mortgage Advice Centre Problem mortgages
 Self employed
Equity release Remortgages
Retirement
Draw an Income from your property in retirement
Sickness, Accident, Redundancy
Protect against illness and disability - particularly to protect your mortgage
Deal with Debt
How to address debt issues - not avoid them
email credithelpline


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