Think of Debt Camel as your friendly online debt advisor:
- independent and impartial – no-one makes any money from this site!
- comprehensive but easy on the jargon
- convenient – you can come here whenever it suits you
- private – you may prefer to not share your personal details until you are clear about what you want to do.
How does Debt Camel help?
Some debt advice websites just list all the possibilities for resolving debt problems – that can be more confusing than helpful. Others make you do a budget at the start then tell you your choices are A or B. That’s better, but it may leave you wondering why C isn’t right for you?
Debt Camel puts you in control by showing you the thought processes of a good debt advisor. So you can see what bit of your situation rules out C as a choice. It gives you the details on all the options and discusses how to choose between them.
It also looks at how you might change things – that could mean other alternatives become possible.
So how does Debt Camel work?
You may have come to Debt Camel with a very specific question about debts or credit ratings, for example can you get a mortgage with your level of debt? are you likely to get a charging order? can a default be deleted from your credit record? In that case look at Worried about debt? which will get you to the page you need.
Or you may have come with a big debt situation, wanting to find out what your options are, in which case you will usually need to look at a few sections. This diagram shows how the parts of Debt Camel fit together. At the moment you are on the first Start page – things to look at before you begin.
Summarise your finances in a “snapshot” – this starts with a Financial Summary and then uses flowcharts to rule debt options in or out for you
Debt Options – all the alternatives that directly tackle your debts
Improve Finances – what you can do to improve your situation. These may change your position so you then need a new Snapshot and to explore changed Debt Options
Hard Debt Choices – directly compare some debt options or look in detail at the most difficult decisions you may have to take
These areas feed into each other. It may become clear which Debt Option you should go for and/or how you should Improve your Finances. If so, then there are direct pointers from those pages to what you should do next.
But if you feel you just can’t choose, you should probably get some advice elsewhere. There is a whole page of good contacts here – choices if you want some face-to-face help or prefer the telephone, or a couple of debt forums where you can talk anonymously to others who have been in a similar position and find what worked for them – no-one whose main aim is to get you to sign up to something so they can make money out of you.
Who is Debt Camel aimed at?
People who want to get rid of their debts! Many of the more general pages apply no matter where you live, but the section on Debt Options is aimed at people who live in England and Wales, as the legal framework is different in other areas.
It also concentrates on normal consumer type debts – credit cards, loans, overdrafts etc. Check out Priority and non-priority debts if you have other forms of debt as they may need special handling.
Also do you owe the money? That might sound an odd question, but perhaps you are getting letters addressed to someone else or identity theft is involved or a family member or you have already paid the money … find out what to do if it isn’t really your debt.