Debt advice

Being in debt can be stressful and it can be difficult to know what to do first – especially if you’re constantly getting letters and calls from the companies you owe money to.

You might be thinking about taking out a loan to pay back money you owe, but this can make the problem worse when there might be a better solution for you.

There’s no debt problem that’s unsolvable.

Becoming debt-free, however long it takes, can improve your credit rating and mean you can think about longer term plans.

The Citizens Advice Service has lots of information about getting out of debt.


Many of our tenants have been victims of illegal money lenders (loan sharks). Loan sharks are illegal moneylenders who often charge very high interest rates. You can check if a company is authorised to lend money and report loan sharks anonymously.

Check if a lender is registered

You can search the Financial Services Register for companies and individuals authorised by the Financial Conduct Authority (FCA).

Report a loan shark

If you spot a loan shark or you’ve borrowed money from one you can report them anonymously.

Wales Illegal Money Lending Unit
Telephone: 0300 123 3311
24-hour service
Text LOAN SHARK and the lender’s details to 60003

Last modified on March 9th, 2018 at 1:32 pm