Some free advice to individuals, who are in debt and struggling to pay off interest charges on their credit card every month, should first of all think about contacting a debt counseling service like the Citizens Advice Bureau. Services like this will help to determine the best course of action to work things out on a budgetary scale, so you can start to pay back your debts as quick as you can.

You can consolidate your debts with a debt consolidation loan and by lumping your debts all into one lump sum loan that has a lower interest rate, and then paying off all debts from this.

There are a few precautions that you could use that might stop you falling into debt.

You could protect your income by taking out an insurance policy called income protection on your job, so if the worse comes to worst you will have some income for a few months, until you find a new job. Income protection also covers illness, disability and unemployment. Designed to replace your salary for a period of time; usually around 12 months.

There is also ASU or accident, sickness and unemployment insurance which will cover your mortgage and outgoings like utility bills, council tax, credit cards and life insurance policies, only in the event that are unable to work due to unemployment or illness.

Decide what kind of policy suits you the best for you individual circumstances. Speaking to a specialist maybe the best course of action, so if you are considering one of the above courses of action look at getting in touch with an insurance company or broker.

If you are already in debt then look into consolidating your debts with a personal loan or contacting one of the services already mentioned to help you take the right course of action.