Prioritising your payments is a very important step. You must choose the creditors that are most important to you e.g. your mortgage payment and your utility companies.Next are the credit cards and store cards which charge the most interest, by paying off the cards with the most interest you can reduce the amount of interest calculated on your next bill.Transferring your credit card balance onto another card, with a 0% interest period is also a recommended action. This allows the full monthly payment to be deducted from your balance, without incurring any interest. Prioritising your payments can help with Debt Relief.Always remember to pay off your debt with any available money you may have at the end of each month. Doing so prevents any arrears and a build-up of interest on credit cards and store cards.Improving your situation is one of the best ways to acquire extra money. Try to think of ways to maximise your full income e.g. is it possible for you to work more overtime, can you claim any benefits, and do you have anything of value to sell? Also can you afford to cut back more?If you are experiencing money problems, do not be afraid to […]

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