Types of Debt

Get expert business debt help and advice. Explore debt solutions, repayment options, and practical guidance to help your business regain financial stability.

Buy Now, Pay Later (BNPL) is a payment method where you purchase a good or service and spread the cost over a prolonged period instead of paying the full amount

Council tax debt arises when you fail to meet your local government tax obligations. Failure to pay council tax can lead to arrears, legal actions, and financia

Credit card debt occurs when you borrow money using a credit card and don't fully pay it back by the due date. Unpaid balances accrue interest, and can lead to

Gambling debt arises when individuals bet beyond their means. It stems from a person betting money they don’t have and often involves a gambling addiction. Mana

If you fail to stay on top of your rent payments you'll fall into what's known as rent arrears. Rent arrears are a priority debt - that means it's one of the mo

Learn your options for managing tax debt, negotiating with HMRC, and finding practical solutions to regain financial control.

Mortgage debt is the financial obligation you end up with if you decide to borrow from a mortgage lender in order to purchase a home. Failure to meet mortgage p

Payday loan debt arises when individuals borrow a small amount of money from a payday lender to see them through to their next payday. These loans come with hig

Secured loan debt in the UK involves borrowing against an asset, often property, with the asset serving as collateral. Defaulting can lead to repossession, maki

For many, student loan debt is an inevitable part of university life. Every year scholars across the country rely on student loans to help them cover the cost

Utility bill debt can occur when you continually fall behind on energy payments. As a priority debt, it poses serious financial challenges, can result in credit