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Debt is the enemy of any bank balance. It can drag you down physically, mentally, and emotionally. Millions of people throughout human history have fallen to the iron grip of debt. When it starts to get out of control, it can seem like there’s no light at the end of the tunnel. Well, there is an end to the tunnel and a way to reach the light once again.

Nobody has to suffer from debt. With a little motivation and a variety of free debt advice services, there’s a debt solution for everyone. Here are some tips for moving forward and carving out a better life for yourself.

Dwelling on Debt

It’s tempting to think about debt regularly. Are you going to put food on the table? Are you going to lose the house? Where’s the money going to come from?

Stop, right now! Dwelling on debt is where it begins to cause serious damage. Debt isn’t as complicated as it seems. You owe a certain amount and you have to pay back a certain amount. It’s that simple. You know what you can bring in and you know what you need to cover your essentials.

Once you’ve calculated this, why should you continue to dwell on things? If you already have the solution you only do discredit to yourself by beginning to think about it all over again.

If you’re having trouble with constantly thinking about debt, distract yourself. Take a bath, put on a favorite movie, or just have a chat with a friend or family member. Keep yourself busy.

Here to Help

help

Nobody wants you to be in debt. Creditors want their money and debtors want to be free of debt. It’s why there are a number of services you can take advantage of.

Firstly, check with your local council about free debt advice services. Most areas of the country have them. Public sector debt advice specialists offer free debt advice to people from the local community.

There are also companies offering free debt consolidation services. They’ll negotiate with your creditors on your behalf to consolidate your debts into one easily repayable loan. It takes the stress from your shoulders. And you only have to deal with one creditor from now on.

Once you’ve consolidated your loan, you’ll know precisely what you can pay and when you have to pay it. Set up a direct debit and the money will leave your account each month. You don’t have to pay any attention to the debt again. Just concentrate on your own life.

Negotiation

If you’re someone who can’t afford to meet the repayments, it doesn’t matter as you still have options available to you.

Creditors are perfectly happy to negotiate on the repayments. All they want is their money. They only turn into moneygrubbing horrors when they know you’re trying to avoid paying.

Just pick up the phone and have a chat to them. Tell them what you can afford and renegotiate a payment plan. This way you can still meet your daily expenses whilst fulfilling your obligations to your creditors.

Simplicity Itself

Each of the above scenarios covers the most common situations. And each of them only takes a few minutes to rectify. Within just a few hours, your debt becomes nothing but a minor inconvenience.

Get your affairs in order and you’ll realize how this burden just seems to dissolve.

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Posted by Igor Ovsyannykov

I'm a digital nomad and entrepreneur bouncing around South East Asia. When I'm not working here, I'm out taking photos. Follow me on Instagram: @igorovsyannykov

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