Dealing With Debt - Top 10 Tips
Avoiding debt problems
1) Cut back on luxury items and non-essential spending.
2) Consider switching utility and insurance providers to get
the most competitive rates.
3) Take any opportunity to increase income: overtime,
additional part-time work, selling off unwanted items etc.
4) Use any surplus money to pay off the highest interest
borrowing first.
5) Don't borrow any more until existing debts are paid off.
Think very carefully before securing any additional
borrowing on your property remember circumstances can change
unexpectedly.
Dealing with debt problems
6) Seek professional advice early - if you are juggling
money to meet your debt repayments or your debts are
continually rising, then you probably need help.
7) If possible arrange to meet an advisor face-to-face - it
is much easier to discuss the difficult subject of finance
face-to-face.
8) Make sure the company has a consumer credit licence and
is well established with a proven track record.
9) Make sure any initial meeting is free and without any
obligation.
10) Consider all alternatives: refinance, lifestyle change,
debt management, IVA, debt relief order and even bankruptcy.
Provided by David Parsons from
EuroDebt Financial Services
For more information or to arrange a chat call us on 07773 325720
or email me at david@eurodebtsw.com.
Top Ten Tips - Business Help & Advice
