If you are worried about bills that keep growing, it is time to get help and advice. Ignoring
the problem is really not a good idea. It is best to address the problem to avoid it becoming
too big to handle in the future. Finding yourself in a situation where you are unable to pay
your bills is very stressful. However, there are ways you can take action.

Steps You Can Take

  • A good first step is to create a budget. When you write down what your living
    expenses and your debts are, you will get a clearer picture of where your money is
    going. Think about ways in which you can reduce your expenses. At the same time,
    think about ways that you can increase your income.
  • Prioritise your expenses and debts into the ones that need to be paid first. It is
    imperative that you do not ignore or avoid the problem. If you find that you are
    unable to meet your monthly repayments, speak to your creditors. Ask them if you
    would be able to pay your debts over a longer period of time. It is sensible to have a
    plan for doing this, so that you can be sure that you can meet these obligations.
    Another very important aspect is not to be tempted to borrow money. This will only
    make your situation worse. This is also true if you borrow from micro-lenders with
    their extra high interest rates.

Consider Debt Counselling

If you have explored your options and cannot resolve your situation, consider Debt
Counselling. This is a process where an agreement is reached with all of your creditors
regarding how much you will repay every month. This is done on your behalf without you
having to speak to your creditors. Each month you pay an agreed single amount to a
Payment Distribution Agency. The Agency then distributes payments to your creditors on
your behalf. This continues until such time as your debts are settled. You are then issued
with a Clearance Certificate declaring you debt free.

You can resolve your debt problems when you use the services of One Debt. Give us a call
today for assistance.