1.
Are you standing at that point in your life when
a phone ring makes you paranoid, and the
tension about debt keeps you awake at night?
The reason could be a personal crisis, illness,
recession or downright your faults like
gambling or overspending. It could be
overcome, there are always ways.

2.
You don’t need to go broke over a bad
period in your life. If someone you know
is in such trouble, consider the options
thoroughly. A wrong decision might push
you even further into debt. Take a look at
what are the options and what could be
the ramifications. It all depends on how
much debt you are into, your discipline
level and how you are planning to
overcome it. Fortunately, there are
options.

3.
Consider self help
If you could take control over your own
financial situation, nothing would be
better. Start listing your income sources
and list out all your fixed expenses.
These would be the fixed components in
your list.

4.
Next you have to list out the variable
expenses which would differ month to
month, like entertainment, travelling and
bills. This could be a key to tracking your
expenses, if you write the expenses
down, you know exactly where your
money is going and you can manage
them well. Take out whatever little
saving you have at the end of the month
and pay your own debt. Easiest way you
could settle down your debt.

5.
If you are going to opt for self-
help, these are some tips for you.
Manage mortgage and auto loan
If you have secure debts, it would
probably be against some of your
property. It could be your house or car,
on stopping the payments for these,
lenders will foreclose on the house and
take away your car. Unsecured debts
are mostly credit card bills, unforeseen
medical expense and other loans.

6.
To avoid foreclosure or repossession on
your house and car, contact the lenders
immediately. You could ask them a little
time, which lenders with food faith can
grant you. If you think you can’t do this,
selling your car could be a viable option,
because on repossession, lenders would
do that anyway and that could profit you
in no way.

7.
Whereas by selling it, you can probably
pay off a loan or two and come up in
the financial stress ladder. For other
lenders who are not that lenient, ask for
a re-planning of your mortgage and
with some additional charges and fees
they would arrange that. Both buy you
some time to figure out a game plan.

8.
Visit us
www.trueblueloans.co.uk

9.
Thank You