It is always helpful to know that there is a business debtline contact number that you can call and get help if you find yourself in trouble. Getting professional advice can help you make a quick resolution to your problem. But, it’s important to remember that there is no one size fits all solution for every situation. So, you need to be prepared to do some research before making any decisions.
Sole traders
If you are a sole trader or partnership, you may be facing business debts that you are struggling to pay. In some cases, you might be able to work through your difficulties. However, in other instances, you might need some specialist advice.
Business Debtline is a free service that can offer you practical and expert advice to help you deal with your business debts. You can contact an adviser online or by phone. The website has a budget tool that can help you create a suitable spending plan for your business. They also have fact sheets to help you with your queries.
The cost of living crisis is affecting the finances of small business owners. Over a third of self-employed people expect to struggle with household bills within six to 12 months. This isn’t surprising considering the complexities of running a business
Partnerships
If you are a business owner and have found yourself struggling to keep your head above water, there are many resources available to help. There are even organisations that provide free debt advice. Whether you are a sole trader, a limited company, or are involved in a partnership, you can benefit from some of these services.
Business Debtline is a national charity that offers expert help and support to self-employed and small business owners. Their service helps thousands of people every year. You can call their telephone number, email, or use their webchat feature. A trained team will offer practical tips to improve your financial situation. They also provide emotional support.
In addition to their advice, the charity runs the National Debtline. This is a free and confidential service that is open to everyone. Hundreds of thousands of people visit the website to get help, advice, or support.
Self-employed people
Business Debtline is a free service for self-employed people that offers a range of helpful advice. It helps over 100,000 self-employed individuals each year. Located in Wales, England, and Scotland, the service offers advice to business owners who need help with their finances.
The service is run by the Money Advice Trust, a UK charity. They also operate the National Debtline, and offer advice on personal and business debt. There are also several other debt charities that can help with debt problems.
The Money Advice Trust provides free debt resources to help you manage your money, including the Business Debtline contact number. If you are a self-employed individual and need help dealing with debt, you should make an appointment with a debt adviser. Alternatively, you can find out more about the services offered on the website.
Another useful business-related service is the Self-Employed Grant Scheme. A self-employed grant is worth up to 40% of average monthly profits over the past three years. This is available until November.
Aviva pledges PS7m and PS2m to Citizens Advice and the Money Advice Trust’s Business Debtline
Aviva, a leading UK insurance company, has announced two new partnerships with Citizens Advice and Money Advice Trust. Its support will enable them to offer crucial services before the crisis arrives.
Business Debtline is a free, dedicated debt advice service for small business owners. The charity’s calls have risen by 24% during the first nine months of the year. This is due to the increasing cost of living. A team of advisers will take an extra 25,000 advice calls and provide 25,000 more appointments. They will also increase the capacity of online advice delivery by 50%.
Citizens Advice will help 250,000 people in need this year and will create 50 new advisers. These additional resources will allow them to respond to unprecedented levels of demand. During last year, Citizens Advice helped 1.5 million people. And the charity expects to reach 165,000 people in crisis support in 2022.
Aviva will also work with the Compassionate Employers program, which supports employers that face the difficult task of supporting their employees during a difficult time. They will provide employee support and advice on bereavement, caring responsibilities and the workplace assessment process.
