The Problem Of national debt And Personal Debt

2008-04-18 13:51:50

( Financial )



Do you want to know about national debt help, need national debt help and are wondering if there is a national debt helpline? Yes, in fact there is a national debt helpline for national debt help. It is a helpline especially for you if you have debt problems. If you need help with national debt this service is independent and confidential – and it’s free. It has existed since 1987. It offers you self-help and advice. It also provides self-help packs as well as fact sheets. They can help you set up a debt management plan if you are in trouble.

They are linked to a registered charity which is a trust which gives advice on money. This charity was formed in 1991 with the intention of improving the availability and quality of independent and free advice about money. They work together with the private sector, the government and leading money advice agencies. Their aim?
- to make money advice more available
- improve the quality of money advice
- improve the effectiveness and efficiency of the way it is communicated.

Christmas time – problems with debt?
There is a great strain on your budget at Christmas time. You are under enormous pressure to spend on entertaining and presents. It’s all the more difficult if your children want the latest toys (which are usually the most expensive).

This national debt helpline gets an increase of calls over the 3 months following Christmas. This is when people realize the consequences of missing essential bills or payments to fund their festivities.

How should you avoid the pitfalls of Christmas?

Plan ahead
Draw up a budget. Work out what you need to pay for essentials. Make sure these are seen to first. This organization will provide you with a self-help information pack which can help you in this respect.

- Pay your priority bills first:
o Gas
o Rent
o Mortgage
o Water
o Electricity
o Housekeeping
o Council tax.

- Try to decide in advance how much to spend on Christmas and don’t change your mind. This way you won’t miss payments on essential bills later.
- Try to pay for presents over a long period of time. Avoid paying a lump sum at once.
- Avoid offers that involve expensive credit even though they may be tempting.


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