What to do if you’re struggling with business debts
This is a guide on where to get help if you run a small business in the UK and you’re struggling with business debt.
Where can I get help with business debt?
If you’re worried about business debt, you should get in touch with Business Debtline.
Run by the Money Advice Trust, Business Debtline is a charity that offers free advice to small businesses and the self employed in England, Wales and Scotland.
If you don’t need emergency support, check out their guide on how to prepare for an advice session before you get in touch.
But, if any of the following scenarios are due to happen in the next week, contact them straightaway:
- you’re expecting bailiffs
- you have a court hearing
- you have to respond to a court letter or form
- you’re being evicted or made homeless
- your gas or electricity is being cut off
Help with personal debt
If you also need advice about your personal debt, we’ll be happy to help.
We have guides on a range of money-related topics on our website and you can get advice online or over the phone.
Money Wellness blogs
01 May 2024
Before they apply for insolvency, domestic violence survivors can ask for their address to be withheld from the insolvency register. But there’s a cost and from today it’s becoming even more expensive.
26 Apr 2024
Find out how a charge to Barclaycard’s terms could see you paying off your debt for longer and paying more interest.
24 Apr 2024
As an MP calls for urgent action on growing household energy debt in the UK, find out what to do if you can't keep up with your gas and electricity bills.
22 Apr 2024
As two female pensioners are ordered to pay £1.2m for illegal money lending, find out what to do if you've borrowed from a loan shark.
17 Apr 2024
Outstanding balances on credit cards have grown by almost 10% annually, as UK Finance releases it’s figures about card spending in January of this year.
12 Apr 2024
If you're in need of debt advice, we can help.