Farleys Solicitors provide a comprehensive service for people in need of legal advice. With offices in Blackburn, Burnley, Accrington, Shadsworth and Manchester, whatever legal service you require, we have a specialist solicitor or lawyer who can help.
Farleys Solicitors provide a comprehensive legal service for businesses in the UK. With five offices in Greater Manchester and Lancashire, our specialist solicitors will provide expert legal advice for businesses ranging in size from start-ups and SMEs to corporations.
Debt advice is increasingly required in todays world. Recent figures show that Personal Insolvencies have soared by 55% over the last year and are expected to double in the next twelve months. Debt is, therefore, a growing problem for many of us.
If you are struggling to meet your finincial commitments, there are four golden rules you can follow to avoid the traps which may worsen the problem:
Don’t ignore the problem - it won’t go away and the longer you leave it, the worse it will become.
Be wary of borrowing more money – don’t borrow more money to pay off your debts without getting advice first.
Don’t turn your unsecured loans into a mortgage -without getting advice first. If you secure unaffordable debts against your home inevitably you will fail to make the repayments and your home may be repossessed as a consequence.
Do not pay anyone for debt advice – this speaks for itself. Organisations that want to help you will not charge for initial advice.
When you have unmanageable debts, your options generally fall into three categories: