Escape Debt - Consider Who Your Friends Are Certain people are bad for your debts Have you ever noticed how certain people encourage you to spend more heavily than others? You know, those who are always urging you to 'stick it on your card, because you deserve a treat' But what about the 'treat' when the statement arrives? When people go shopping together they tend to egg each other on to spend money that they don't have You see something that you vaguely like the look of ...

Prioritise Your Repayments One of the best ways to speed up the repayment of your debts is to focus your attention on paying off the loans that carry the highest rate of interest first Get rid of the debts that cost you most to service Here's what to do Compare the interest rate on each of your loans and repay those with the highest rate first The only way to do this is to look at the rate of APR on each of your debts That's the ...

If You Can't Pay Your Debts, Talk To Your Creditors When you reach the position where you can't afford your debt repayments, it's time to take action Instead of running from your situation you need to take positive steps to fix it If you reach the stage where you can't keep up with the repayments, it's VITAL that you contact your creditors as soon as possible and explain your situation It will help your situation greatly if you mange to contact your creditors before they contact you It ...

Don't Bluff Your Creditors When approaching your lender to make an offer of reduced debt repayments, it's best to be completely honest and offer them as much as you can realistically afford to pay month by month Whatever happens, don't try to call their bluff After all, if you've read my article on talking to your creditors, you might have noticed a gung-ho way of attempting to deal with your debts You might think that the best thing to do is to become ballsy about your situation ...