Free independent help and advice
Don’t suffer in silence. If you’re worried about money, talk to someone. These organisations offer free support and guidance.
Organisations offering free support:
Guidance from MoneyHelper
Help from Citizens Advice
Mental Health and Money Advice
- Clear, practical advice and support for people experiencing mental health and money worries
- Specialist knowledge of benefits, managing money and mental health care
- Award-winning UK-wide online advice service
Important: the content of this page is not intended to be taken as financial advice or recommendation from MBNA. You should seek independent financial advice if you’re unsure about your financial needs.
How could a debt management company help me?
A debt management company could help you manage your debts and negotiate with your creditors to try to reduce your overall payments, making a difficult financial situation easier to control.
They assess what you can realistically repay each month and create a debt management plan for you. They’ll also contact your creditors to negotiate a repayment term or amount.
A debt management company will manage your repayments from a monthly payment you make to them – you’ll receive regular progress updates and, in most cases, you’ll no longer be contacted by your creditors. Your circumstances will also be monitored to make sure your plan stays on track.
Just keep in mind, some debt management companies charge service fees but not the ones on this page. Plans are subject to status and signing up will affect your credit record, as well as your ability to obtain credit in future.