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I’m no expert in this but I’m willing to share some of the info that I’ve got from internet. Usually, debt problems really can give us a stress specially when the payment due is coming. So here is some info that maybe can makes your life more cool and well prepared.

First of all, step should be to collect all the paperwork relating to your outgoings – mortgage, personal loans, bank and credit card statements, etc. This will help you to quantify the problem, as well as being useful for the debt counsellor if you consult one. If the situation is temporary – for example, your partner has lost his or her job but is expected to get another one soon - write to your creditors immediately. Explain the situation to them, and when the difficulty is likely to be resolved. Make an offer of reduced payments.

The tricky outgoings to deal with are credit card debts and personal loans. With credit cards, if you can make the minimum repayment each month there won’t be any problems. But if you write and explain that you are having difficulties, the card issuer is likely to stop all further credit – even if you still make the minimum repayments. It’s a dilemma, but one you need to be aware of.

But bear in mind that the worse thing you can do with a debt problem is ignore it. As soon as you see trouble looming, sit down and make a list of your outgoings, and then set the total against your income. If there isn’t enough money to meet your commitments and still pay for essentials like food and commuting costs, you have a problem that needs to be addressed. You will have to take steps to deal with the situation.

That’s all.
I hope this infos can give you an idea on how to deal with it. See you in the next post!