Debt is a word that is not new to me. I have practically been in debt for God knows how many years. It all started with the credit card. I had just started working and the money I was earning was getting spent faster than I could earn it. The long nights out with my friends, the innumerable trips to God knows where, just to have a good time, was taking its toll on me. I was thinking of getting a payday loan when by chance I glanced in my mail and found that I was eligible for a credit card at 0% interest. It was an offer that was too good to believe. I immediately opted for it. The limit I had was spent so soon, I did not even know what I had used it for. The following month I could not pay the amount I had spent, so I paid the minimum amount for repayment. I was making the minimum payment for a few months and I chanced upon the credit card statement. To my dismay I found that I was being charged a hefty rate of interest for my spend. I contacted their customer service only to find that I had failed to read the fine print. Continue reading
The car broke down and need to have it checked? An emergency occurred that you need to shell out a few bucks for? Flat-out struggling each day living paycheck to paycheck?
Admit it: we’ve all been in that situation and let me tell you, it is ugly. It’s bad. However, that’s just how life is—it throws us challenges we can soldier on and overcome. When is it really okay to resort to lending services to cover for your financial woes? Here are 4 acceptable scenarios where it’s completely fine:
With more and people battling with debt in the UK these days, it is important to know what solutions are available. A debt management plan isn’t for everyone but it can provide people with a solution to serious debt issues. No matter what your current financial status is, it is vital that you take steps to be on top of your finances and understand your situation. Continue reading
Okay, you are dealing with debt and you are looking for the best solution to improve your finances. Being in debt doesn’t just make it problematic to do the things you would like to, it can affect your mental health. When you are dealing with debt, you’ll feel under a lot of stress and pressure, which means that your whole life can be affected by debt. Not only that but you may also find that people around you, such as family members or loved ones will be impacted by the way you struggle to deal with debt.
There is also the fact that you may be as focused or in control at work as you would like to be, and this can cause further problems. If you aren’t operating at the best of your capabilities, your employer may not be pleased or impressed with you. This means you may end up looking for another job before too long and this can all stem from dealing with debt. Continue reading