» Read the complete article

Unemployment rose to its highest level in more than a decade in September as the economy tips into recession, meaning more people will be facing the need to search for adverse finance options.

The UK Office for National Statistics said the unemployed now stand at 1.825 million, the highest level December 1997. This means more people will need help paying their mortgage, managing their debts and getting on with their normal lives the best they can.

Tony McNulty, the employment Minister admitted we are now in "tough times" and he is right. But you do not have to be. There are still financial options out there, but only to those who do not succumb to desperation.

If you have adverse finance, there is no point sticking your head in the sand. It means accepting your situation and thinking clearly about what you are going to do as your job becomes ever less secure and things get ever more bleak.

It means stopping spending, it means looking to where you can make savings and it means getting professional advice. The first port of call must always be a financial adviser. Not only can they show you where you are going wrong, but they can also point you towards real help in the form of secured debt, refinance and debt management.

To Keep up with news and comments on the current adverse credit market please visit the Adverse Mortgage Blog.