Parents with university age children may need a Debt Management Plan to help deal with the cost of financing their education.
It comes as new figures from Barclay's bank found that while more than three quarters of parents were willing to help their children financially, less than a third had actually saved up enough to do so.
It could lead to a build-up of unsecured debt as other essential purchases get funded by credit cards or personal loans instead.
If you owe large amounts and are already having difficulty in making your monthly repayments, then Debt Free Direct can help.
Our friendly and professional debt advisers can talk you through all the options, from an IVA to a Debt Management Plan, that can help you to sort out your debt and get in a position to help your family.