Ep. 16 - What To Do If You're Struggling With Debt
Ep. 16 - What To Do If You're Struggling With DebtPosted by Facebook on February 24, 2019
Today, I’d like to share some more information around debt and solutions available to you, if you’re finding that things are complicated from the debt side.
There are always options around to help you get out debt. I’ve put together a guide which has more details on that, and I’ll include the link here, so you can check it out.
Maybe you’re finding it hard at the moment to meet your interest or loan repayments.This could be due to a change in your situation, your finances, or maybe it’s a health issue. You can apply for a hardship variation and try speaking to your lender. There might be a way to adjust your payments in the short term.
Another good resource is the National Debt Helpline. You can speak to a financial counselor and get advice on what you might be able to do with your debt.
Debt consolidation or balanced transfer onto another credit card is another option. Make sure that you’re paying that off before the interest comes in. But that’s not for everyone, so you’ll need to investigate if it’s a possibility for you.
Lastly, if you do have credit defaults and some legal action is required, there are options there, too. Just shoot me a message, if you want to know a bit more about that.