Getting out of debt has become more difficult since the introduction of the credit card. The "buy now, pay later" mindset has left millions of consumers fighting an uphill battle. And overspending has no social boundaries -- it happens to the rich, the poor, and everyone in between.
To ensure a good credit score, it's important to pay your bills on time. As you accrue more debt, however, you may find this effort becoming more difficult. But remember, the sooner you get started, the sooner you will arrive at your goal of becoming debt-free.
If You Fall Behind on Payments
Time to Seek Assistance?
If you feel that you are in over your head, it might be time to seek assistance. There are helpful agencies out there that can assist you.
There are some possible pitfalls. Be wary of "credit repair" clinics that offer to remove accurate adverse information from your credit file. Such agencies can be disreputable, preying on vulnerable consumers who are often desperate for help.
There are two reputable agencies that can help you:
CCCS is a non-profit organization that offers free financial counseling to families that need to solve financial problems. CCCS can help you analyse your situation and works with you to develop solutions. There are CCCS offices located throughout the country. Phone 0800 138 1111 for the phone number of the office nearest you, or visit the CCCS website at www.cccs.co.uk.
Payplan has over 20 years experience of offering free, impartial help and advice to anyone dealing with money issues. They have a comprehensive range of solutions that can help you keep your home, clear your unsecured debts and reduce your everyday expenditure. To talk to someone who can help you for free, phone 0800 716 239 or visit the Payplan website at www.payplan.com.
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