At What Price Do We Receive Victory Over Debts

Ignoring the emotional side of life is a recipe for disaster. Everything we do is ruled by emotion. Think about your debts — don’t you want to be debt-free in order to be there for your family? To have more time to spend with your mates? To be able to take care of the special someone in your life? Debt robs you of all those things and hurts you in the long run.

Yet a lot of people try to only think about the logical side and they fail to realize the power of emotion in the matter. Debt is very emotional — you’re always going to feel like there’s no way to actually get things done and that can really cripple you before too long.

Now is the time to recover emotionally. In order to get out of debt, you have to first handle the emotional side of it.

If you are a person that likes to reflect, one of the first things that we recommend to you is to actually take a journal of all of your thoughts. It sounds silly, but you might find that you’ve been holding back a lot of feelings about your debts. It can be scary to open up that much, but it can all be worth it in the end when you really want to make sure that you can take care of anything that happens to come your way. It’s not like we’re saying that anyone has to see your journal or even comment on it.

If you’re not the journal type, being around people that are going through debt is a good thing. There are plenty of support groups that can help you around the UK, or even in the United States if you happen to be established there.

Everyone has a right to make sure that they can overcome debts. You might want to think about the root causes behind why you were in debt in the first place. Sure, it’s tempting to just assume that you’re never going to be out of debt, but is that really the case? For example, you might be in debt right now because you wanted to have the best of everything — whether or not your budget actually agreed with you. It’s better to really make sure that you can move past that by realizing that life isn’t really about having the best of everything to the point where the things that really matter are threatened. Sure, you might want to get a great house, but if you can’t afford the mortgage it stands to reason that you won’t own the house for very long.

It’s a time where you really need to focus on the way you want life to be, rather than constantly thinking that you don’t deserve great things. You might have gotten into debt over medical issues — there are ways to overcome this as well. Look into assistance that the hospital can give you — there are options out there.

You’re going to have to start lifting your voice and demanding to be treated fairly. You are not your debts. You are not your bank account.

It is said that there are two great times to plant a tree — 20 years ago, and today. Choose today to start getting out of debt. Choose today to start building a financial blueprint that matters. Trust us — you won’t be disappointed!

The advantages of debt management plans

Debt management plans are a highly effective tool and probably the best alternative to the frequently devastating consequences of a fully-fledged bankruptcy: If all goes well, they can contribute to keeping your credit rating intact, save you time, reduce psychological pressure and prove helpful in upholding a good relationship with your creditors. One of the reasons why debt management plans are so efficient is because they are simple in principle and offer obvious and immediately visible benefits to both sides. As part of a debt management plan, you are renegotiating both your debt burden and the structure of your debt. You are entrusting a debt management company with dealing with your creditors – instead of managing many different loans with many different creditors, you are henceforth responsible only for a single monthly payment to the company, which then distributes the amount between your creditors. A debt management plan is so strikingly simple on paper, that you may even be tempted to set it up yourself. But is this really a viable option?

There are four good reasons why there are advantages to working with a professional, fee-charging debt management company:

1.    A fee-charging debt management company is working in your interest

Many, especially charities, have criticised fee-charging debt management companies for asking money from those already in debt. And yet, by paying such a company, you are providing them with a very good incentive to keep your best interests in mind – after all, should they prove to be unable to deliver on the goods, you will start looking for a competitor. The more a debt management company can do for you, the better it will fare in the long run.

2.    A fee-charging debt management company has the required connections

Connections are vital in every part of business life, so why should things be different in the debt management sector? Whether or not a creditor is willing to co-operate with you and to possibly reduce the overall amount to be paid back will depend largely on his trust in your commitment to the new plan. Debt management companies can operate as screening entities in this regard. Since they know many of the big credit-providing institutions in person, deals regarding debt management plans are typically struck quicker and more effectively.

3.    A fee-charging debt management company can work more efficiently

A big debt management company has thousands of customers all facing similar problems. This means that they will be able to benefit from so-called economies of scale. Especially the department taking care of the distribution of the money to the various creditors is capable of performing tasks which would costs you hours within no more than a few minutes. As a result, you are freed up from burdensome administrative work and can turn towards the more important duties – time really is money after all.

4.    A fee-charging debt management company may actually end up saving you money

For all of these different reasons, you may end up paying back less when working with a debt management company even after deducting their costs from the equation. In fact, a company like the Debt Advisory Line can proudly claim to save their customers 50% in debts on average. Although this is by no means guaranteed, there is indeed a very good chance that, by speaking to your creditors on your behalf, the debt management company is able to convince them that it is in their interest to bring down the sum originally agreed to.

3 Steps to Peacefully Handling Your Creditors

Are you sick and tired of being in debt? Then today is a good day to handle your creditors! However, what stops a lot of people from actually taking this step isn’t lack of knowledge, it’s lack of patience. We assume that the other person on the line is going to make our day harder than it really should be, and that keeps us from pursing the bright financing future that we would otherwise deserve. It’s better to make sure that you can handle your creditors with grace.

Grace? Yes, we got the word right — if you really want to get anything done, you will need to make sure that you’re handling your creditors with grace. Getting angry only makes your position look weaker. You might be able to get a lot more out of your creditors in terms of flexible repayment than if you just assume that you have something that you’re being owed. You don’t want to look entitled to anything when you contact your creditors, but at the same time you want to make sure that you fight for the rights that you know you have.

So, how do we really get started? So glad you asked!

1. Remain Calm

It goes without saying that you want to remain calm, but that doesn’t stop a lot of people from getting fired up! You might think that it helps your case to get mad, but it does the complete opposite — no one is going to want to take you seriously if you aren’t going to work towards being serious. Stay professional — it’s really the best way to get things done.

2. State Request Clearly

You might think that your sob story of choice might sway the creditors one way or another. While there is something to be said about circumstances, you don’t want to try to waste an hour of someone’s time going over your negative experiences. This doesn’t look good on your part, and it takes away your negotiating power. You want to come off as someone that has things under control, you just need a little assistance and you want to get the debt settled for good. This will give you the most power when it comes time to actually negotiate for a brighter future.