|
  |
|
|
Tips to Get out of Debt!
Top Tips to Get out of Debt: 1. Don’t ignore the debt situation
* Make a list of all your debts – get it all off your chest!
* Add in the monthly repayments and then work out how much you need to pay each month for your essentials such as the food, mortgage and utility bills.
* The left out amount after paying for all the essentials will be how much you can afford to pay off each month on your remaining debts.
2. Prioritize your debts
* Pay off your most pressing debts first – these are the ones that carry the harshest penalties for not paying/late paying.
3. It is good to talk
* If you cannot afford to make repayments for all your debts, get in touch with your creditors and explain your situation.
* They will help arrange a personal repayment plan for you.
* Remember – lenders will often be open to negotiation with you. They will often reduce the higher APR's to lower APR if you request them.
4. Save money and make money
* Buy only the essential stuff, go for the generic brands.
* Keep a spending diary for every month and stick to it.
* Plan meals, use a shopping list.
5. Pay more than the minimum amount towards credit cards/debts
* Only paying the minimum each month means that the debt is spread over many years resulting in you paying more interest.
* Paying more than the minimum amount on your credit card each month will knock off £100’s from the interest bill and means that you can repay the debt a lot sooner.
* Always make your repayments on time
6. Switch your credit card to a 0% credit card
* Transfer a higher interest credit card to a 0% credit card will save you £100’s in interest.
* Check out the latest best buys for unsecured personal loans-- http://www.fastloan24.com 7. There is debt free advice available
* http://www.direct-debt-management.com Direct Debt Management website gives debt free advice to UK citizens. They offer
* Affordable lower monthly payments
* Directly deal with your creditors
* Tailor-made to suit your income and expenditure
* Aim to freeze or reduce any interest charges
* One single point of contact to give you expert debt help and debt guidance.
Don’t give up and Good Luck! |
Debt Free advice for UK citizens
 
Get out of Debts
My Debts
No reactions yet.
Please login or sign up to rate this intel.
Please login or sign up to add a comment.
The copyright for this content entitled "Tips to Get out of Debt!" has been specified by the contributor as:
All Rights Reserved
This content may not be copied, distributed or adapted by anyone under any circumstances.
|
 |
|
This intel was contributed by suzie1
|
May, 2012
2008
January, February, March, April, May, June, July, August, September, October, November, December
2009
January, February, March, April, May, June, July, August, September, October, November, December
2010
January, February, March, April, May, June, July, August, September, October, November, December
2011
January, February, March, April, May, June, July, August, September, October, November, December
2012
January, February, March, April, May
|
|
Not a member yet?
Qondio is a powerful network for making it online. If you have a website to
promote, we can help.
Sign up and get in on the action.
|
|
Welcome to Qondio! Discover the awesome power this network can deliver by going to our About page. Or you could skip straight to the Sign Up form.
|
|
