Sell your house for cash to clear your debts

It's easier than ever to build up large debts. From credit cards to unsecured loans, getting and spending money is straightforward, and it's no surprise that many of us are constantly paying off debts. For some of us, however, our borrowings get the better of us, and we're left battling with red bills, mortgage demands and credit card statements.

When debts get bad

If you can manage your debts sensibly, you can make credit cards and loans work for you. Once your borrowings are out of control, though, there are only a few options open to you. If you are a homeowner, one of those options is to sell your house for cash so that you can clear your debts.

How to sell your home for cash

If couldn't be easier – and it could be the answer you're looking for. Selling directly to a property company cuts out all the hassle that's often associated with selling through an estate agent. Your sale is quick, and you'll get a cash payment when the sale completes. You won't get the highest possible valuation for your home, but you will be able to raise the cash you need to sort out your debts. Once you've sold, make sure you pay your debts as soon as possible, and pay them in order of importance:

• Mortgage – it's really important to pay your mortgage debts first. If you can, clear your mortgage completely.

• Bills – pay any outstanding utility bills as soon as possible. Even though you've sold your home, you'll still need to deal with utility companies, so it makes sense to get back in the black with them as soon as possible.

• Credit cards and finance agreements – these carry high interest rates, so you're getting further into debt, even if you've stopped spending on the cards. Pay them off as soon as you can to avoid more interest charges.

• Loans and overdrafts – loans often carry the lowest rates of interest, and you may have managed to negotiate a low or nil-rate interest on your overdraft. Pay these off if you can so that you can start again with a clean sheet.

Quick Direct Sale has been established to help you to sell your house for cash. With no additional fees and a contribution towards your legal fees, we offer a fast, friendly service, and the ideal way to sell your house – no matter what your circumstances. We use surveyors from the Royal Institute of Chartered Surveyors and we don't put any pressure on you to sell. If you'd like to learn more, call our 24 hour phone line on 0800 1956 584 or email info@quick-direct-sale.co.uk.