By Melanie Taylor
 There's nothing wrong with debt in itself. Without debts such as mortgages and car loans, we wouldn't be able to live our lives the way we want. But once we can't afford our debt repayments, it's time to ask for help, seeking expert debt advice or looking into professional debt solutions such as a debt management plan, debt consolidation loan / mortgage, IVA (Individual Voluntary Arrangement) or Trust Deed. The alternative could be doing something we'd normally never consider - like paying the mortgage (or other large debt) with a credit card.
According to housing and homelessness charity Shelter, about 85% of the UK's 1.4 trillion GBP personal debt is secured against property. The good thing with secured debts, of course, is that they normally come with a lower APR (Annual Percentage Rate) than unsecured debts. Nonetheless, a mortgage is by far the biggest debt most people will ever have. It's a commitment to spend a long time paying a lot of money every month. If the mortgagor runs into any kind of financial trouble, it can be a huge burden.
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