More and more people are struggling to keep afloat today. The economy is in a slump and the cost of living is increasing rapidly. In these circumstances, it is not surprising that so many of us are falling into debt which we are then struggling to manage.
If you are one such person, then you really should seek debt help and advice as soon as possible. It can be tempting to simply bury your head in the sand but this will only make your problem worse and there are so many people available to help you with your debt that it seems silly not to take advantage of their services.
Debt Advice
When struggling with unmanageable debt, the first thing that you should do is compile a detailed list of all of your incomings and outgoings for the month. This will give you a detailed picture as to where you stand and will all you to work out just how much you have spare for debt repayment at the end of the month.
If you struggle with your maths and have trouble working out a list of incomings and outgoings, then there are debt help and advice services who can help you with this.
Prioritising
If you find that you have a large shortfall in the amount of money you have left over for your credit repayments, then you will need to act quickly in order to minimise the impact of the situation. You should always make sure that you have enough to pay your mortgage and utility bills.
If you cannot pay your mortgage, speak to the lender as they may be able to help you with a payment holiday which could give you some breathing space.
Seek Help
Calling or visiting a debt help and advice service should be your next step. They are staffed by knowledgeable individuals who can help you to contact your creditors and strike up manageable payment deals based on the amount you can actually afford to pay each month. They can help you freeze interest charges and late payment charges which can be a huge help when you’re already struggling with debt.
Debt Free Direct can help with debt problems of any size. Visit them to find out more about the advice and service they offer in the UK.