There are lots of different types of credit available and they all have slightly different terms and conditions. This can make it complicated to work out the differences between them. This information explains all the different types of debt that exist and provides links to specific advice on each type.

A factsheet that explains the different options you make have to clear your debts and sets out the advantages and disadvantages of each. 

Information on dealing with debt, including identifying debts, prioritising and budgeting.

Different lenders have different ways to collect unpaid debts. The speed they act, their attitude when they contact you, and the further action they might take, all differ. This information gives you a general idea of what  to expect.

A Debt Management Plan (DMP) is an affordable repayment programme set up, for free, by National Debtline and managed by an independent company. Explains who can use the service and how it works.

Explains what a mortgage shortfall is and how long you can be pursued for the debt. Includes what to do if you dispute the amount and how to negotiate repayments.

Explains what full and final settlement offers are and when they may be a useful way out of debt. Also contains a sample letter to help you write to your creditors.

Explains when a debt relief order (DRO) may be a good option for you to deal with your debts. A DRO stops most creditors from taking further action against you and can help you to get a fresh start. The law about DROs can be complicated, but this fact sheet explains what you need to know step by step.

Outlines the types of debt you may have if you had a small business and have stopped trading or have been self-employed. Gives contacts for further advice.

An IVA is an alternative to bankruptcy. Explains what it is, and who it's suitable for. You need an insolvency practitioner to set up an IVA and you will have to pay a fee for their services.

Explains what bankruptcy is, how to go bankrupt and what effect it will have on you. Also covers the alternatives to bankruptcy.

You may first become aware of a problem with a tax debt when a debt appears on your Statement of Account, or you receive a letter threatening legal action. Explains what to do next.