Stuart Laing

Why Reduced Repayments Are Refused

Okay, so you've worked out your financial position and made your creditors an offer to repay your debt at a reduced rate. But your offer is refused. What's gone wrong? Well, there are three main reasons why reduced repayments are refused. Number One... Read >

The Debt Danger Of Credit Cards

If you want to get out of debt and stay out of debt, credit cards are extremely dangerous. It's all too easy to say yes to everything that you like the look of in the shops, and end up sticking it on your card. Why? Because it doesn't feel like spendin... Read >

Should You Consolidate Your Debts

As a general rule, larger sums of money can be borrowed at lower rates of interest. So if you're in the position where you have a number of small loans, you may want to consider consolidating all your loans into one larger loan at a lower rate of interest... Read >

Improve Your Credit Rating

Every cent that doesn't have to be spent paying interest can be used to eat into the size of your debts. So where does the bit about credit ratings come into it? It's a basic rule of money. Lenders who give loans to people with poor credit ratings are ... Read >

Only Buy What You Really Need

One of the best ways to reduce your spending is to cut back on the items that you don't NEED to buy. Every time you're on the verge of buying something, ask yourself 'do I really need this, or is it just another whim that will lie in a carrier bag in my s... Read >

Identify The Reason For Your Non Essential Spending

Before you can cut back on your non essential spending, the first thing you need to do is to work out why you buy items that you don't need. Once you can do that, you'll find it much easier to cut your spending and repay your debts. Look through your s... Read >

The Real Meaning Of Debt

Right, what does debt really mean? Debt is money that someone else lends you, on the understanding that you'll pay it back. Let's face it, if you didn't have to pay it back, it wouldn't be a debt, would it? It would be a gift or a grant. But it does... Read >

Feed Your Desire To Become Debt Free

This site will show you how to wipe out your debts. But before you make a start, let me remind you that it won't be easy. In fact, it could be one of the hardest things that you'll ever do in your life. Don't be under any illusions about this. Enormous... Read >

Confront Your Debts

The first stage of getting out of debt is to work out the size of your problem….to the nearest cent! If you don't know the true extent of your debt, you won't be able to do anything about it. I want you to collect together every statement, account, bil... Read >

Escape Debt - Consider Who Your Friends Are

Certain people are bad for your debts. Have you ever noticed how certain people encourage you to spend more heavily than others? You know, those who are always urging you to 'stick it on your card, because you deserve a treat'. But what about the 'treat' ... Read >

How To Budget

It's always a good idea to use a budget to keep track of your personal finances, but it's vital when you're up to your neck in debt! The basic idea is simple. A budget just compares the income you have each week or each month with the things that you h... Read >

Prioritise Your Repayments

One of the best ways to speed up the repayment of your debts is to focus your attention on paying off the loans that carry the highest rate of interest first. Get rid of the debts that cost you most to service. Here's what to do. Compare the interest r... Read >

If You Can't Pay Your Debts, Talk To Your Creditors

When you reach the position where you can't afford your debt repayments, it's time to take action. Instead of running from your situation you need to take positive steps to fix it. If you reach the stage where you can't keep up with the repayments, it'... Read >

Don't Bluff Your Creditors

When approaching your lender to make an offer of reduced debt repayments, it's best to be completely honest and offer them as much as you can realistically afford to pay month by month. Whatever happens, don't try to call their bluff. After all, if ... Read >

The Danger Of Rounding Up Your Debts

Rounding up your debts is one of the biggest dangers to your financial position. It's also one of the easiest ways for your debts to get out of control. This way of thinking is best summed up by the following comment; 'I already owe $27500 so what's an... Read >