Posted in: Debt, By: admin, At: June 26th, 2009
For many people who can no longer afford their debt repayments, a professional* debt management plan could be a good way forward. It is an informal arrangement with your lenders - a debt management organisation can ask them to accept reduced monthly payments, allowing you to repay your debts at a pace you can manage.
Read more: Is debt management a good idea?
Posted in: Debt, By: admin, At: June 24th, 2009
If you`re determined to tackle your debts - and do it on your own - it`s probably a good idea to tackle the ones with the highest interest rates first. For many people, that means finding a way to clear store card debts.
Often, the best way to do that is to overpay - to pay more than you`re actually obliged to. However tempting it is to make just the minimum payments, it`s important to think long term and focus on the amount of interest you`ll be saving if you clear your store card debts early.
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