Hi!

chicken_legz

Hello there, I work for a well known bank (mainly in the debt management side of it) and am here to answer any questions you may have. Here are the most important things you need to remember when in financial difficulty:-

1. First you have to admit that you are in difficulty. Its no good claiming to your creditors that you can make a payment in a few weeks when in arrears if its clear that you cant.

2. Whatever you do go to the CCCS or Payplan, never ever dream of using a company that charges you!!! You are in financial difficulty so that means every penny counts, so dont pay them extra when you can get the same thing free! Also one thing to remember is that they take ages to pay your creditors, its a case of they take your money and run. Many people go with the CAB too, they are a good alternative but they do take ages to sort out your debt management plan. (tho the government has invested more in this now)

3. Talk to us!!! Dont feel embarrased or worried.

4. IVAs and Bankruptcy are a last resort, when a debt management plan would not work for you.

5. Dont ever let it get you down (easy to say I know) but so long as you are pro active in wanting to get it sorted, it will!!

I wish all of you all the best on here, I will post now and again