BlogCommerce » debt http://www.blogcommerce.com Thousand of topics discussed across the popular categories Sat, 21 Aug 2010 14:39:40 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 What Debt Advice Could an Adviser Offer Me? http://www.blogcommerce.com/what-debt-advice-could-an-adviser-offer-me-2/ http://www.blogcommerce.com/what-debt-advice-could-an-adviser-offer-me-2/#comments Tue, 07 Jul 2009 06:22:00 +0000 Admin http://www.blogcommerce.com/what-debt-advice-could-an-adviser-offer-me-2/ Debt advice There are many financial organisations that offer debt advice, but what form could that advice actually take? Here, we take a look at two of the ways in which a debt adviser could help you manage your finances more effectively.

Debt advice – budgeting

Budgeting involves understanding and controlling your finances. Start by adding up your total monthly income, then taking away your total monthly expenditure. The amount you are left with is known as your disposable income. Some things may be easier to calculate, such as mortgage repayments, or rent. On the other hand, some costs may be difficult to estimate, such as petrol costs, or utility bills. A professional debt adviser should be able to offer you tips on how to draw up a budget and how to keep track of your finances more successfully. Once you can confidently keep track of where your money is going, you should be able to plan ahead and avoid spending money that you should be using to repay debts and pay your essential bills.

Debt advice – negotiating

Lenders know that anyone’s circumstances can change. If your financial situation deteriorates and you can no longer afford to repay your debts, then you should contact your lender(s) as soon as possible to explain the situation and tell them what you believe you can realistically afford to pay per month. You might be able to negotiate with them to reduce your monthly repayments until your situation improves. These are just two examples of the help a debt adviser could provide. For more information, and for further advice, you should contact a professional debt adviser.

]]> http://www.blogcommerce.com/what-debt-advice-could-an-adviser-offer-me-2/feed/ 0 Why Look For Debt Advice? http://www.blogcommerce.com/why-look-for-debt-advice/ http://www.blogcommerce.com/why-look-for-debt-advice/#comments Sat, 27 Jun 2009 06:30:00 +0000 Admin http://www.blogcommerce.com/why-look-for-debt-advice/ Debt advice Looking for debt advice isn’t the only way to address your financial problems. However, if you choose to tackle your debts on your own, you may be missing out on other people’s experience. For many people in debt, ‘going it alone’ can be a stressful experience, in which they make mistakes they could have avoided with the right debt advice. A professional debt adviser should be able to answer your debt questions, such as "How do I calculate what I can realistically commit to paying on a monthly basis?" or "What’s the best way to negotiate with my creditors?" One thing you should get with a professional debt adviser is experience. They should know the ‘ins and outs’ of debt. They should understand how various debt solutions work and be able to offer you advice on whether any of them are suitable for you.

How could a debt adviser’s experience actually help me?

A professional debt adviser should be able to offer you the guidance you need to get out of debt in a way that’s appropriate to your individual financial circumstances. They should be able to talk you through the advantages and disadvantages of the various debt solutions that may be suitable for someone in your situation, helping you make the right decision. They should also be able to offer you tips on how to budget more successfully, and how to negotiate a repayment deal that reflects what you can actually afford. Many financial organisations offer free debt advice. This may be all you need to take control of your finances.

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