What is Debt

DEBT

Lots of people are in debt for all sorts of reasons. Recent years have seen an increase in the level of debt in the UK. Since 2008 / 2009 we saw the largest  increase in debt since the Bank of England was founded in 1694 with Britain’s personal debt increasing by approximately  £1 M (million)  every three minutes.A generic picture of a some British sterling money in coins and bank notes.

Once you get into unaffordable debt situation your credit rating will be affected, and this cannot be avoided

What is Debt?

Debt is a very immotive word isn’t it? You see it in the news everyday. What does debt mean? A debt is when you owe somebody money. Debts get bigger every week if you are charged ‘interest’.  Interest is an extra charge on the original debt.  Simply, debt is a description of money that you owe on a mortgage, car, Credit & Store Cards, Bank Overdraft and loans. All of it represents debt. As a nation, we owe many many billions / trillions of pounds.

BCADS can help you to climb out of the debt-hole, So 

debt-hole_medium (1)

Seek help before its too late

Don’t borrow More

For more information on any of the following please click the link below:-

Debt  Advice & Counselling

Credit Card Debts

 

Investing in Children & Families

 
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