Monday 26 October 2009

UK is still in the midst of a recession

With the economic situation still looking bleak in the UK, and the recent CARD updates that have been implemented and will be implemented, it all means we have to tighten our belts and become less reliant on the plastic. There's always ways to save money on utilities, shopping, using the car less and so forth. Not only this but it makes us realize perhaps how wasteful and blaze our attitude towards saving was before. If anything this recession has shown that we must pay more attention to what we're spending and if it's really necessary or not. However, the recession has made things worse for people that were already in debt before the economic downturn. If your debt is really worrying you, and perhaps you've lost your main source of income, then I'd thoroughly recommend the ebook that was featured last week for turning your finances around. It disseminates practical advice, and shows you how one guy managed to get out of more than $200,000 of debt.

Thursday 22 October 2009

How to get out of debt in 3 - 5 years

It can be done, and you don't need to be a financial expert in order to get debt free.
One guy who shows it's possible is Clint Holland who had a debt of $213,000 and found a proved method of getting out of this debt in just 5 years. If you'd like to read about how he did this, check out the link below:Get Out Of Debt

Stories like Clint's are an inspiration for us all, that there are ways to get out of what may seem like a never ending mountain of debt. Sometimes, I read some people's Ebooks and stories, usually take something away from it, but never fully put it into practice. With Clint's 'Debt Free in 3 Years' I found all the content in there extremely pragmatic and helpful. Take action, read it for yourself today and start getting yourself out of debt.

Monday 5 October 2009

What to do if you can't pay off your credit card

For some people the situation arises where they can possibly pay off their insurmountable credit card debt, it's simply gotten too much. So what should you do if this happens to you?
First off, consult a non-profit organization such as the Citizens Advice Bureau (C.A.B). They will be able to dispense invaluable advice on what you should do next, and give you at least a 30 day saving grace period from the credit card company. However, the rules won't apply if the credit card company has already passed on the debt to a collection agency. In this case you should still get some free advice, and consider getting a professional company to help you call of the creditors.
There's always help at hand, just make sure you consider all the options before deciding and make sure you're not pressured into a rushed decision.