Sep 10

Formally negotiate and settle your debts & avoid losing your house

Being in debt can be a difficult period for anyone. Constantly receiving harrassing phone calls and letters coupled with the feeling of helplessness you can feel when you do not know how or when you will be able to keep making repayments is stressful and depressing. If you have a mortgage and a family this […]

Aug 02

Paying off a massive credit card debt

Paying off a credit card debt is never easy and the bigger the debt gets the more difficulty people face. If you have a massive credit card debt that you are struggling to pay off, you need to take the appropriate steps now to lessen the risk of spiraling into a crisis. If your credit […]

Aug 02

Debt Consolidation for low income earners

Debt Consolidation is a financial option for people who wish to combine several debts into one single account. It makes it easier for people to track and manage their debt repayments by combining all of their debts into one single account. Unfortunately debt consolidation can be difficult unless you are a high income earner with […]

Jul 18

Your options when consolidating credit card debts

If you need to get debt free but struggle to keep your repayments and accounts under control, you might consider consolidating all of your debts into one. This has several advantages, including making your expenses and repayments easier to track, easing stress caused by harassing phone calls or letters and giving you a clear pathway […]

Jul 12

How to deal with Credit Card Debt

Credit cards, when used sensibly, are a wonderful financial tool. Unfortunately, people often find themselves in situations where their credit card debts get out of control. They then fall into a debt spiral which they cannot hope to repay. Spending money with a credit card is simple, and it is easy to forget the consequences. […]

Jun 19

Credit Card Debt Consolidation Advice

Are you thinking about consolidating your credit card debts? If you have too many credit cards, consolidating them might be the best option. There are several ways to do this. If you have never defaulted on any of your debts and have a good credit rating, you might be able to either transfer all your […]

May 30

Informal Debt Arrangement

Here at Get Debt Free, we always recommend that you first approach your creditors and attempt to have your debts rescheduled with an informal agreement (ie that is without our formal intervention). We find that an informal agreement is usually successful if you only have one or two creditors. If you have more than two […]

May 29

3 Tips to avoid a personal debt crisis

Keep a record of your debts 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: Name of creditor Account number Current amount Date incurred Last payment If you […]

May 24

Release of Equity

If you are a property owner and you have a sizeable amount of equity in your property, you may be able to go to your financier and apply for a “redraw” or commonly known as an “equity release”.  Your lender may want to revalue the property to ensure that it hasn’t gone in value but […]

May 23

Things to consider before taking a debt consolidation loan

There are multiple aspects to consider before taking out a debt consolidation loan: Loan selection An ideal loan will have low account keeping fees, low interest rate fees and low establishment fees. Please bear in mind that the sum of these fees and charges will have an effect upon the total effective interest rate, as […]