Getting Debt Help

The first step to sorting out your debt problems is to recognise that you have a debt problem. This is very often the first hurdle and one most people struggle with.  If you think you are facing a serious debt problem, here are some tips to change your lifestyle and adjust your budget.

• Don’t hide your head in the sand - Write down all of your expenditure on essential living costs and bills and work out what budget you have left to pay your debts. Prioritise your debts. For instance, if you are a homeowner and you fail to pay your mortgage or any other loan secured on your property you could lose your home so this should be your number one priority and included within your essential living costs. Call us today and we can help you calculate your income, expenditure, priority debts and inform you of any benefits you may be entitled to, call one of our experienced debt specialists in confidence now on 0800 988 9323.

• Take note of charges and interest rates – some debts carry higher penalties for late payments and some forms of personal credits will have higher interest rates than others, so the sensible thing is to try and repay these first as these debts will mount up quicker than credit with lower interest rates.

• Assess your lifestyle - analyse your income and expenditure and find ways to tighten the financial belt, free up some of your money and take control of your debt. Unfortunately though, irrespective of how many cost cutting activities you do, you simply just may not have enough income to cover your bills and basic living expenses.  Speak to one of Moneyextra’s experienced debt advisors now, who will help you with this assessment of your personal finances and help you find the right solution. Call now on 0800 988 9323