Debt Problems: Where to start and what to do. Martin Lewis, MoneySavingExpert

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Uploaded by on Mar 16, 2010

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Education

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  • Best advice i ever had. thanks ever so much.

  • Hello Martin, Don't forget to mention Debt Relief Orders. Cheaper than bankruptcy only £90! Writes you debts off after 12 months. If you have debts below £15,000, assets below £300, car valued less than £1000 and no more than £50 left over each month after essential spending. The whole process is done online at most Citizens Advice Bureau's.

    Torbay CAB Debt Unit (01803 297803)

  • what article are you on about? how do i check my credit score for free?

  • @evildoctorbluetooth lol does he even care

  • only 3000 views, martin you need to push this! maybe in your email.

  • I Love you man!

  • Don't neglect DROs Martin! Yes you have to go through the Insolvency Service to get one, but they look better than going bankrupt or even slowly repaying debts. They stop creditors from collecting money immediately and can last for a few years - meaning you have the time to get back on your feet. Useful if you're temporarily unemployed but can afford to pay back if you WERE employed.

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