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BizHelp24 Edition No.
208
Wednesday 23rd January 2008

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January 2008 - Small Business News

 


Reduce Your Debt Problems

After the cost of Christmas and the New Year, millions of people find this part of the New Year extremely tough. Credit card bills are arriving and those holiday expenses mean that you may not have the money to pay all your bills on time. 

If debt is a problem for you, there are steps you can take to reduce the burden of debt, and eventually get rid of it altogether.

The most important step is to understand the state of your finances, how much you owe and how much you are spending. This will help you to work out how much you can afford to pay each month.

You should also evaluate which bills are most important. For example: Your mortgage is probably the most important creditor, followed by gas and electricity bills, and council tax; unsecured debts like credit cards and unsecured loans are the least damaging to miss, though you still need to pay them. You need to contact every creditor to let them know of your situation and what you are doing to resolve it.

Our Debt24 service can help you get your debts under control by dealing with your creditors for you, allowing you to make one simple monthly payment.

For advice on how to deal with your debt problems visit our Debt24 site. You can speak to a debt specialist about your debt issues, and find out if our services can help you to become free of debt.


 
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BizHelp24 – UK business and finance information, news, help and services for small businesses BizHelp24 is a UK business and finance resource providing Small Business Help, Start up Information, news and services; for individuals and Sole Traders. Comprehensively covering a wide range of key business, finance, and service topics. Employment and personal information includes Work Times and Break Entitlement, Body Language, employee Holiday Entitlement and Employment Contracts. Credit Policy information includes Letter of Credit, useful Credit Notes, Business Loans. and Cash Flow Control. Other information areas include Bankruptcy, Homeworking, Business Failure, Company House and Company Names,

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