7 ways to deal with your debt:
- Don’t ignore it – we know everyone says this – but it’s true. It will never ever go away if ignored.
It’s a bit like your lawn, if you don’t cut it, it will continue to grow!
- Sit down and work out exactly:
- How much you owe
- How much it costs per month
- How long it’s going to take to repay
- How much you earn
- How much you have left at the end of each month – if anything!
If you can’t do this yourself contact us and we’ll do it for you, free of charge.
- Your next course of action is to find out what alternatives you have for dealing with your situation. Some of your options could be:
- Re-mortgage
- Secured Loan
- Borrow some money from family
- Sell your house
- Sell your house and rent it back, with or with out an option to buy back
- Debt management
- Informal I.V.A (Individual voluntary arrangement)
- Formal I.V.A
- Bankruptcy
- Combination of some of the above
Depending on your circumstances, some of these will be worth considering and some won’t, but before you can decide you need to know all of the options.
If you don’t know all your options you need to find out NOW. Either call us, or your local citizens advice centre or seek alternative advice from a professional who can help*.
* Be careful here as you don’t want to use a company who only deals with Debt Management or IVA’s as you are unlikely to get true impartial advice. Look for a company who will advise you on all scenarios – like US!
- Work out which is the best and most cost effective route that will resolve the problem
- Again, be careful not to opt for the easy route, as this may only be a temporary fix to the problem and in some cases it can create an even bigger problem later on.
This is a major decision so you need to ensure you get it right.
- Make your decision and take action!
- Decide who you will use to guide you through the process. If it’s us, that’s great, if it’s not we hope everything works out for you.
- Wait to see how much better you feel now you have taken action to sort this out
I hope the above helps you on your way to solving your problems and I hope we can be a part of this process.
Please call us now on 0800 083 2515 or fill in our application form to arrange a free, no obligation, consultation and find out what options you have.
LET’S WORK IT OUT TOGETHER
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