Define: Debt Counselling

UK Accounting Glossary

Definition: Debt Counselling



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Full Definition of Debt Counselling


Are you having difficulty managing your money?

You may be considering loan consolidation, taking out one loan to cover all your existing repayments.

Be careful you don’t end up even deeper in debt!

The interest rates and fees charged by consolidation loan providers can be much higher than those available from high street lenders.

Such loans may also come with onerous payment protection insurance.

If you’re starting to struggle, your first port of call should be one of a number of free advice services to help you manage your debts:

  • Consumer Credit Counselling Service www.cccs.co.uk 0800 138 1111 (8am-8pm Monday-Friday)
  • National Debtline www.nationaldebtline.co.uk 0808 8084000 (9am-9pm Monday-Friday, 9.30am-1pm Sat)
  • Citizens Advice Bureau www.adviceguide.org.uk (for advice or to find local bureau)

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https://payrollheaven.com/define/debt-counselling/
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Debt Counselling. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 03, 2020 https://payrollheaven.com/define/debt-counselling/.
Chicago Manual of Style (CMS):
Debt Counselling. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/debt-counselling/ (accessed: April 03, 2020).
American Psychological Association (APA):
Debt Counselling. PayrollHeaven.com. Retrieved April 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/debt-counselling/

Definition Sources


Definitions for Debt Counselling are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February 2020.