HAVE A HAPPY CHRISTMAS
Whether it’s the most wonderful time of the
year, or just the chance for a few days off work? Don’t end the
festive break with a financial hangover. Little changes now can mean
big improvements to your wallet. And, if you have big money problems
now, there is probably a solution that can change that.
I'm not talking “the little known piece of
legislation that can wipe off up to 75% of your debts!” I assume
you have seen that on TV ads. This legislation has been around for 2
decades and is highly profitable to the debt companies that advertise
on TV. You just need to have £15,000 or more unsecured debt. Call
one of these companies and see what they will charge but don’t sign
up as this service can be FREE for you. (Not from them of
course.)
What about a Debt Relief Order – less than
£15,000 in unsecured debt can be written off in certain
circumstances – mainly for people struggling on low pay or
benefits. DROs are aimed at people with few or no assets who have
very little money to pay back to their creditors, and little prospect
of their situation improving.
If you want good information on managing your
money, visit the Citizens Advice Bureau website at
www.adviceguide.org.uk
Creditors make a lot of money
because people assume they can do nothing.
Let me leave you with something to think about.
Most people can justify asking their banks and credit cards to
freeze interest and charges – especially if you are only able to
afford minimum repayments. Write to them and start taking control.
- H&F Citizens Advice Bureau
- H&F CAB Tel: 020 7385 1322
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