You could look into downsizing by moving into a cheaper property, using savings, or taking out more credit, such as a loan – which may be secured against your property.
If you’re considering equity release to deal with debt problems, an alternative may be a repayment plan (where you make lower, more affordable payments to your creditors) or an insolvency solution, such as an individual voluntary arrangement (IVA).
StepChange Debt Charity have a team of debt experts helping hundreds of thousands of people each year to deal with their debt problems. With more than 25 years' experience, you can be confident that you’ll get tailored advice based on what’s right for you.
StepChange Debt Charity provide a range of managed debt solutions and all the advice and support you need to help you deal with your debts.