Your guide to Managing Debt

Oct 13, 2014 Blog RSS feed It isn’t just Greece that needs to balance its books and resolve a debt situation – millions of UK people have also spent more than they earn and have run up debts. In fact Greece serves as the perfect example of how not to manage debt (#grexit). As well as the fact that they spent too much their other major error has been to bury their heads in the sand and for too long deny that they had a problem. Now the chickens are coming home to roost.  If you have run up debts and are beginning to feel that it is all becoming too much then what you need is a plan of action – a way of going forward that begins to alleviate your situation and that allows you to progress towards light at the end of the tunnel. So, we’ve put together just such a plan to help you tackle your debts without necessarily having to resort to a debt management plan. The key elements as we see it are: Be honest with yourself Make a budget Prioritise your debts Don’t avoid creditors Consider a d
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