Debt Scam Advertising on the Rise

As reported by the BBC yesterday, there has been a surge in adverts which suggest people can get rid of their debts or loans simply by selling them.

The Office of Fair Trading (OFT) has warned borrowers to ignore these misleading adverts, confirming that debts cannot legally be sold without a lender's permission. Consumers who are worried about their debts may understandably be attracted to the idea of getting rid of them in this 'easy' way, but as always, if something seems to good to be true it probably is.

The first step in tacking the issue of debt is to establish exactly how serious the issue is, what options are genuinely available and which of these is likely to deliver the most suitable result for your individual circumstances.

The Debt Helper offers a quick and easy way of doing all of this with it's online Debt Analyser. It's free to use and only takes 2 minutes to enter your details and get an initial evaluation.