When dealing with your debt it can be difficult to know where to start. Here’s our TOP TIPS for dealing with your debt.
Face the facts
The hardest step when tackling debt is accepting the reality of your financial position. It is sometimes easier to ignore the debt and your creditors. Your situation often improves when you face the facts and accept and understand your position in order to move forward.
In order to face your debt problems it is important that you are honest with yourself. It can be overwhelming and challenging for people facing debt and it can be a huge help to have other people to lean on. You also need to be completely honest with yourself about your debt situation and identify the debt you are facing. Check out our debt form to help you list and identify your debts and make it clear for you to understand.
Communicate with your creditors
Although tempting, do not ignore your creditors. Ignoring your debt can be damaging and it is a lot easier to communicate with your creditors to help you get on top of your payments.
Make a plan and stick with it
It’s easier said than done but if you can make a plan that is affordable to you and acceptable to your creditors it is really important to stick with it.
Speak to experts who can help
There are organisations out there who can help you with your debt problems and will help you overcome the issues. Citizens Advice Bureau offers free and confidential debt advice and will give you information to help you make the right choices and deal with your debt. Follow https://www.citizensadvice.org.uk/debt-and-money/ to find out more about their debt busting advice and how to get in contact.