I’m up to my eyes in debt and just can’t repay it. Every month is a struggle, I can’t meet my monthly payments and my debt is growing. I’m now struggling to pay my basic bills. If any of these are familiar then you seriously need help with your debt. If you are incurring late payment charges, missing payments, just managing to meet the minimum payments or even worse not even meeting them, then you need help with your debt. If your finances are causing you to worry, loose sleep get agitated and possibly to be hiding things from the people round about you then you know what you need.
Don’t bury your head in the sand
It’s so important to be able to recognise that you have a debt problem as early as possible to stop it getting worse. Do not borrow to try to sort the problem it doesn’t work. Do not increase credit card limits, take out additional cards or run up an overdraft, it won’t help. Do not take on a payday loan as it is often the start of a downward spiral to an uncontrollable situation.
It’s a very emotive time when you are in debt and it has become a problem: the stress and anxiety it causes can mean that you don’t think straight and your judgement can be clouded. When you’re in the midst of it, being calm and objective certainly isn’t easy.
There is really only one thing to do and that is to take action. This can be done by yourself and you can work your way through it but there is another option which has proven time and time again to be the most effective. That option is to speak to an expert debt advisor. There are many good debt advisors and many good organisations providing debt advice. Take a browse on the internet and you’ll find it’s easy to sort out the good ones.
An experienced debt advisor is generally dealing with peoples debt problems most of the week most weeks of the year and are used to handling problems large and small and just about everything in between. They have the detailed knowledge of the best debt solutions available and can use their expertise to match those solutions to your own individual circumstances. They can bring an objective view to the situation which is often needed and can provide practical and effective options to solve your problems. When you add to all of this that they can also deal with your creditors it is easy to see why it’s such a good idea to use these professional services.
The bigger picture
Solving the debt problem of course is only part of the solution, it’s important to consider and look at tips and advice on how to manage your finances better and ensure you don’t have a similar recurrence of your debt problems. Many debt advice organisations have excellent debt counsellors who will provide advice and guidance that will not only help you through your debt solution process but also help you improve your finances in the longer term.