26 December 2012

Pin It


What to do with debt: Three ways to be on-top of your finances again

Stick to a budget 

It’s really not a good feeling when you realize that your debt is spiralling out of control. For most people it’s hard to cut back on living expenses, but it’s still important to stick to a budget until your debt is under control again. Think of it as a debt diet: you want to learn how to live within your means so you can stay on-top of your debt.

Why not get the help of a debt counsellor? They can work out a budget and help you to stick to it. It’s also perfect for that debt diet as you cannot get loans while under debt review.

Consolidate your debt

You can make your debt more affordable by consolidating your credit with a debt consolidation loan. A debt consolidation loan should have lower interest rates and the repayments can also cost less than you are currently paying towards your debt every month.

When you take on a secured loan to pay back small loans, credit cards, store cards and other debts you can save on interest rates and a single debt repayment is much more manageable than numerous debts.

Get your debt restructured 

If you cannot cut back on your living expenses and you don’t qualify for a secured loan to get the full benefits of debt consolidation, you can apply to have your debt restructured.

Debt restructuring is summed up in these five steps to pay off your debt, only two of which you will have to see to:

1) Contacting a debt counsellor and providing them with your financial information so they can prove to your creditors that you are over committed and

5) paying the now affordable, restructured debt repayment every month. 

What do you think will work best for you? We’ll be happy to answer any of your questions in the comments below.


  1. The credit racket is a legal form of theft. Best avoided whenever possible.

  2. Do you Need Personal Loan?
    Do you Need Business Loan?
    Are you in need of a loan?
    Do you want to pay off your bills?
    Do you want to be financially stable?

    Our Loan Services Include:

    1)Personal Loan
    2)Business Loan
    3)Secured Loan
    4)Unsecured loan
    5)Consolidation Loan
    6)Mortgage Loan
    7)Payday off loan?
    8)Student Loans
    9)Commercial Loan
    10)Car Loan
    11)Investments Loans.
    12)Development Loans.
    13)Acquisition Loans .
    14)Construction loans.


  3. Need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Email us:arabfinancialcorporation@yahoo.com.sg

  4. looking for jobs?? Visit this site.. It might help

  5. *** For example, if you have a Prosper Rating of B and take a loan for $5000.00, then you will be charged a $250.00 closing fee. You will then receive $4750.00 in cash deposited directly into your bank account. If you have a B rating and no previous loans and take a 3 year loan, your interest rate will be 11.54% (15.14% APR) and your scheduled monthly payment will be $164.98.
    Use our quick online application to choose your loan amount and you'll find a number of social lending options to choose from based on your qualifications. Check out Prosper social lending for your personal loan today!

    Get Rate

  6. getting many thanks the original a great deal working together with that will different types of information will need individuals profit greatly improve? are a result of payday loan consolidation

  7. Are you looking for quick an urgent loan with relatively low interest rate as low as 2%? We offer business loan, personal loan, home loan, auto loan,student loan, debt shortest time possible, contact our

    specialist for advice and finance planning. If you need a quick loan contact us via Email

    Contact us on whatspp +447513195409
    Mr Osman Ibrahim


Related Posts Plugin for WordPress, Blogger...