Hints and Tips


Serious debts can make us panic and not think things through properly. If you are in this position, take a look at the following Do’s and Don’ts before you take any further action – they may save you from making a mistake:

DO devote all your efforts to improving your income from your employment or business and getting back in control, rather than wasting time and energy worrying about your debt problems.

DO check out anyone to who you turn to regarding your debt – if you are going to trust this person with your financial matters you want to make sure they are legitimate and trustworthy.

DO treat with extreme caution any offers of help that includes borrowing additional money, the insertion of capital or third party funding

DO remember that you are not alone. Getting proper help will only reduce your problem. Its hard facing it but it makes it easier in the long run. So, DO take professional advice as soon as you feel that you can no longer cope with your debts, no matter how large or small they may be.

Now, some DON’TS!

DON’T try to borrow your way out of trouble, it never works, you just make matters far worse

DON’T make offers to pay your debts unless you are sure that you can afford them.

DON’T pay off one creditor in preference to another, you could end up in trouble.

DON’T go into detail with any creditor about your situation with other creditors unless you are obliged to declare other debts.

DON’T allow bailiffs or any other collecting agents to intimidate or frighten you, and never sign anything from them until you have had advice.

DON’T ignore the problem and hope it goes away – it won’t and you know it.

DON’T panic, give up or make yourself ill over debt! Debt problems are solvable and you can put them behind you – as long as you get help – don’t be too proud to ask.