Reliable Debt Advice Helped me Get my Life Back
People who have never been deeply in debt and find themselves unable to honour their obligations have no idea how black the days can become. The constant fear of answering the door or the phone in case a debt collector is lurking on the other end, as well as the worry of opening mail that is loaded with demands for payment of overdue debts can be crushing to one’s ego. Fortunately, there are ways to escape from this situation, if you can get the right type of debt advice, as I did.
While many people find themselves in poor financial condition because of a job loss, a divorce or a prolonged illness, none of those situations applied to me. I got into debt because I don’t manage money well. Thanks to the fact that I was making good money, I had no trouble getting credit and wasted no time in using it to buy whatever I wanted, whenever I wanted it. At first, I was able to keep up with the mortgage payment, the credit cards and all the other credit accounts I established. However, over time it became harder and harder, as the balances grew, until finally I had to admit that I was a prisoner to my debt and had no idea of how to get out of it.
It as at this point I swallowed my pride and admitted I needed help. The question was where to turn for that help? Fortunately, I was able to find a reliable debt counsellor who was willing to assess my situation and offer some sound advice, along with several options on how to not only clean up my debt, but also learn how to prevent the same situation from arising again by applying a system of debt and money management.
One of the first things my debt counsellor did was to help me investigate the different types of debt repayment options. This included looking at unsecured debt consolidation loan options, with special attention to debt consolidation loans for bad credit, which unfortunately applied to me by that time. I learned what to expect from debt consolidators in terms of covering my debts and allowing me to make one payment to them each month, in return. I also learned the difference between debt consolidation and debt management plans, as well as how bankruptcy or the implementation of an Individual Voluntary Arrangement could work for me.
In addition to providing debt advice that included educating me on my options to settle my debt, the counsellor also helped me learn how to budget properly. This was not an easy step for me. For most of my life I had developed a pattern of buying whatever I desired, with no worries about how to pay for it. In spite of the anguish this mindset had caused, I still had trouble moving to a more responsible way of managing money. Thanks to a counsellor, who helped me recognise the benefits of the unsecured debt consolidation loan and even aided me in finding a reputable consolidator who offered debt consolidation loans for bad credit, I was able to start with a clean slate that allowed me to enjoy a decent standard of living and steadily pay off my debts. Today, I still have to fight off the temptation to buy now and pay later, but my approach to managing money is very different from what it was a few years ago. While I may not have everything I want in an instant, I have the benefit of never worrying who is on the other end of a telephone call or what horrors may show up in today’s mail. For me, that makes managing my debts responsibly worth all the effort.
The Debt Advice Group has been created to help people in serious debt get good, honest, impartial advice. It is an organisation having specialist for managing debt and providing advice for debt reduction.
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