Framework for Debt Advice

The Framework for Debt Advice is a structured approach used by professionals to assess an individual's financial situation and provide tailored guidance on managing or repaying debt. It involves understanding the person's income, expenses, debts, and options, then offering advice on strategies like budgeting, negotiating with creditors, or exploring debt solutions such as consolidation or formal arrangements. The aim is to help individuals regain financial stability while respecting their circumstances and ensuring they make informed decisions about their debt.