Five steps to dealing with your debts
Monday, September 27th, 2010If you feel your debts are in danger of spiralling out of control and you don’t know how to start tackling them, follow this five-point plan.
When you are trying to deal with debts it can be hard to know where to start. This means many people end up burying their head in the sand, which allows their problems to worsen.
So, to help prevent your debts spiralling out of control, Mike Thomas has put together a five-point plan.
This is aimed at those who have low to moderate debt with numerous unsecured creditors.
1. Find out what you owe and to whom
Take your credit cards, loans and bank overdrafts and make a separate list for each of the following:
- those in your name only
- those in your partner’s name only (if applicable)
- those in joint names (if applicable)













