Employment problems whilst struggling with personal debt?

If you fear you are about to be made redundant or have recently lost your job, do not prioritise the repayments of your personal unsecured debts. For example, credit cards, personal loans, catalogues etc. You MUST make sure you pay your priority debts and repayments first, such as, Mortgage, Rent, Council Tax, Electricity, Gas, TV license. If you allow arrears to build up or bills for the home get out of control, you could end up losing your home or dwellings.

We help many people understand which bills need paying first and which should take a back seat for the time being, we are not saying that unsecured debts should be ignored, quite the opposite, however, with a little sound advice it is quite amazing how easily a personal debt problem can sometimes be solved.

If you fear you are about to be made redundant or need help regarding benefits available, their are many organisations that can help and offer UK debt advice.

Personal debt in the workplace can be very difficult to deal with. Others around you are most probably going through the very same feelings of stress and worry. Do not suffer alone, call our debt helpline in confidence and sleep peacefully tonight!

Call 0800 018 6868 FREE from a landline today, it only takes one call to start to clear a debt problem!

In Personal Debt during a "Credit Crunch" House Sale?

Every day, the calls keep coming from people who need to clear their personal debts but who also have their property currently on the open market for sale. Where is the problem you ask?

If Mr & Mrs A own a property, that they believe is worth and currently being marketed for £300,000 and the house has been up for sale for 3 months without any viewings, it is likely they will have to asses what is going to be the reason why a potential buyer would buy their house before the next one available at the same or slightly lower price, it is about knowing the market in which you are selling your home!

This is not the point though, most people think their house is the one that will sell, it is our nature to prefer our own houses, cars, holidays etc....

However, Mr & Mrs A also have unsecured credit card debts and personal loan agreements outstanding that total approximately £35,000. The interest on the personal debt is accruing daily and their ability to repay more than the minimum payments is limited and becoming more so as the months move on. Mr & Mrs A believe that when they sell their house they will pay off their personal debts, it is quite simple!

Or is it?

Mr & Mrs A may not sell their house for another 6 months, it may not sell at all!

In the current climate, the case could be that Mr & Mrs A sell their house for a lot less than they originally thought meaning less equity to pay off the debts after the sale. Whilst waiting to sell the house the interest and charges on the personal debt has increased the total amount now owing to possibly £37,500-40,000. It all depends on the interest accruing on the debt outstanding!

The point is simple, people should not put all their"eggs in one basket".

Mr & Mrs A should make plans to deal with or take advice regarding the unsecured debt level and possibly reduce it whilst trying to sell the house. The concern of keeping the credit score in tact is a little like "shutting the stable door once the horse has bolted".

For more advice regarding personal debt problems and ways around managing your debt through the sale of your home in a volatile market, please call today using 0800 018 6868, our lines are open 24 hours, your call is FREE and dealt with in total confidence.

Why FOOL around with Personal Debt in April?

April is not a time to be fooling around if you have personal debt problems. It is a time when if careful, you can really plan a solid financial routine for the rest of the year. Christmas was only round the last corner and it will be Summer soon. You do not want to be worrying about court actions and solicitor letters from credit companies and their collection agents when you could be out enjoying the spring and summer air! Get your finances sorted! If you are still reading this article you are either genuinely interested or seriously over committed with personal debt.

Lewis Alexander helps many people every day to consolidate their personal debts or just gain friendly advice to set them on the road to their own managed financial stability.

The hard part of a sound financial life is good planning, when you start it really is quite simple, it is the thought of delving into the unknown that is the frightening part and this can stop most of us being financially OK!

This article is designed to get you thinking about how you could better plan the rest of your year financially if trying to clear debt, what would you like to buy friends or family for birthdays and Christmas this year? There are 5 simple letters you must remember and can apply to your finances and most areas of your life.

PPPPP - Perfect Planning Prevents Pathetic Performance!

If you need advice on personal debt problems and you are a UK resident over 18, please contact Lewis Alexander Financial Planning, online or visit our debt help website for further details.

We can help with debt management, bankruptcy, personal loans and an IVA or Trust Deeds,

Call 0800 018 6868 FREE today in total confidence!