If you are concerned about your finances, you are not alone. Many people throughout our
country are dealing with financial difficulties and uncertainty. It may be that your work
contract has not been renewed, you are suffering from an illness that makes it difficult to
work, or you may be feeling overwhelmed by debt.
Financial stress, just like any other type of stress can take a toll on your physical and mental
health. It can cause problems in your relationship with your spouse, feelings of constant
anxiety and despair. The good news is that you can tackle your money problems, ease your
stress levels, regain control of your finances – and your life.
What to do:
If you find yourself unable to meet your monthly financial obligations it is likely that you are
over indebted. When you avoid phone calls from creditors and spend sleepless nights trying
to work out a solution, it is a wise idea to seek professional help. You can try debt review.
Before you shrug off the idea, debt review has been designed to assist those who are
over indebted to regain control over their finances.
Deciding on asking for professional help is a prudent decision and can be done by following
1. Contact a professional, registered debt counselor.
2. He or she will assess your outstanding debt and financial situation to see if you are
legible for the debt review process.
3. The debt counselor will contact your creditors and let them know that you are
undergoing debt review.
4. Thereafter, he will negotiate on your behalf, with your creditors in order to attain
better interest rates and terms on your outstanding debt.
5. A single instalment amount will be decided on which is then paid by you to a
payment distribution agency. They will then pay your creditors on your behalf.
6. Your debt counselor will also help to draw up a new monthly budget for you so that
you are able to have a structured plan to become debt free.
You can avoid financial stress, and make plans to become debt free and in control of your
finances. You can take that first important step.
For more details about the debt review process, speak to One Debt today.