If you are concerned about your debts, then make sure you keep a full record of them. If you decide to call us for assistance, we will need full details of all of your debts, including:
If you do not know who you owe money to then it is very difficult, if not impossible to help you. It is best that you make a note of each time you make a payment. That way you can check each payment you have made against your statement each month to make sure they have recorded all of your payments.
It is quite common for people to live pay day to pay day. We always recommend that you keep some money to one side as a buffer.
Living pay day to pay day is a very risky approach. We always recommend that you leave a little money to one side each week to pay any unexpected bills, like car repairs, household repairs or medical expenses etc.
The old saying is leave some money to one side each pay day for a rainy day. You will be surprised how quickly it can grow into a nest egg or it can be used to pay down debt.
We find that many of our clients only ever pay the minimum monthly amount.
It is a common trap that many people fall into, but often, credit providers will only require a minimum monthly repayment. In reality this payment barely covers interest and account keeping fees and the effect is that you are not repaying much of the capital debt. In other words you will just be treading water with debt.
Don’t become a victim to this debt trap! Every month pay more than the minimum amount required on all of your debts.
If you follow our simple steps, you could avoid a personal debt crisis. However, if you have large quantum of unaffordable debt you may need to consider an alternate debt relief solution. Call us on 1800 98 10 70 to enquire about our debt relief solutions or apply on-line