Can you manage your debts?

With the recession and rising unemployment, more and more are facing growing debt problems. Some try to ignore them, hoping they’ll go away, but will they?

Debt problemsMany people feel they can manage their debts and they genuinely believe that they can deal with their issues themselves – after all they got themselves into debt so they can get themselves out of debt, can’t they?

Debt problems have a nasty habit of getting worse and left to grow without action being taken can lead to serious consequences.

If you’re starting to worry about your debt, perhaps having some sleepless nights, it’s certainly time to consider getting some debt advice.

Even if you start getting a little niggle about debt problems the sooner you tackle them the better.

Unfortunately many think they simply don’t need help and won’t seek that debt advice soon enough.

People try and tell themselves that they are managing their debt – but if you honestly consider what’s happened to these debts over the last couple of years or even less, have they gone up or down?

You can certainly manage some debt yourself. Perhaps by better budgeting, or using better forms of credit?

There are still a number of 0% credit cards available.

Or you could look at getting an unsecured loan, or even a secured loan to consolidate your debts.

If you do think your problems are more serious and are ready to get advice, you can get help from the experts who can advise on other forms of debt management – such as an IVA, Debt Relief Order or if need be bankruptcy.

Critically the sooner you consider your debt problems and take action, either by yourself or with debt advice, the better.

One Response

  1. Money Stand 1st October 2009

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