Debt Help - Debt Management Guide

Debt Management Articles - Dos & Don'ts Of Debt

Do face up to facts.
Do contact creditors and lenders as soon as possible.
Do give priority to certain debts and pay them off before other debts.
Do reply to creditors letters and court writs and summons promptly.
Do review your expenditure and make sure you send copies of your review to your creditors.
Do remember that creditors prefer small regular payments than large irregular ones.
Don’t ignore your debt – It won’t disappear.
Don’t give up trying to reach agreements with your creditors even if they reject your initial offers.
Don’t borrow more money to pay off debts (unless with a debt loan that will cover all your debts after seeking independent advice).
Don’t be threatened into accepting agreements with creditors that you cannot fulfil.