Top Tips for Getting out of Debt

• Don’t panic! There are people waiting to help you.
• Don’t ignore the problem! Not opening your mail won’t make the debt go away - it will only make matters worse.
• Draw up a financial statement.
• List who you owe money to and decide which debts are priorities.
• Talk to your creditors.
• Only agree to pay what you can afford - broken promises will make matters worse.
• Cut up credit and store cards.
• Maximise your income - you may be entitled to benefits you weren’t aware of.
• Try to reduce your outgoings.
• Don’t go into further debt by taking out a loan with high interest rates or going to a loan shark.
• Contact the Money Smart Team. We can provide plenty of practical help and guidance. We can also refer you to Citizens Advice Bureau consumer and finance experts.    

For further advice and support, contact Homes Direct on 01902 556789 and ask to speak to a member of the Money Smart Team.