An alternative solution to debt management is to speak to your creditors about your situation and come to an arrangement. Explain that you cannot afford the current rates and instalments and ask if it would be possible to lower these and extend the repayment term. National Debt Advisors can even do this for you!
Work out what you can afford to pay towards your debts every month. Start with the most important debts and don’t let creditors talk you into paying more than you can afford. When talking to a creditor, clarify why you are calling and what it is you are requesting. If the individual you are talking to declines your request, ask to speak to a supervisor or manager.
You could take out a big loan and pay off your current debts. This is what’s known as debt consolidation. It is not always the best option for everyone, but in some cases it can be beneficial. You should only consolidate if:
The advice and assistance we provide will provide you with immediate relief and help you get out of debt for good. National Debt Advisors can help you: