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Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track
Why Paying Bills by Credit Card is a No Win Situation Over £55 billion is owed on credit cards in the UK and an estimated 13 million people cant afford to pay off their balances in full every month. These figures show to an alarming extent the debt problems experienced by a large proportion on the public.(With many credit card companies putting up their interest rates in response to the credit crunch, relying on plastic to pay your monthly bills is one of the key warning signs that your finances need an overhaul before you descend into debt. The credit crunch has in many ways lead to a vicious circle of debt. With essential things like food, heating and petrol rocketing in price way above inflation, large numbers of people have had no option but to turn to credit cards just to get by each month. This approach may seem like its allowing you to keep your head above water but the reality is that its plunging you further towards a situation where youre drowning in a sea of debt. The reason for this is the interest rates; as mentioned before these have increased in recent months and the outcome is that for every bill you pay by credit card you could end up having to pay back substantially more than the original amount in the long term. Take action before its too late if you want to avoid the misery and despair of finding yourself deep in debt. If you find that youre starting to rely on your credit cards to pay even some of your bills every month then you need to take stock of your overall financial situation as soon as you can. Most people have unnecessary monthly expenses such as gym memberships, mobile phone contracts, magazine subscriptions and even things like buying your lunch from a shop every day. Cutting back on these sorts of things can actually free up a lot more money than you realise and most importantly allow you to pay your bills with your own money rather than lining the pockets of the credit card companies. The financial consequences of carrying on paying your monthly bills on credit can be very severe. What may start as just fifty pounds as a one off could soon escalate into hundreds every month and before you know it, you wont be able to make the repayments. Also if you reach your credit limit on one card then you might take out another and repeat the cycle time and again until your financial world suddenly caves in around you and debt starts to take over your life. If youre unable to meet your monthly bills from your income and have started to rely on credit cards or other borrowing then calling Debt1 today on 0800 043 4747 could make all the difference to your situation and help you to enjoy a debt free future. Chris Pracy is Marketing Manager for Accuma Group Plc. Chris manages a number of debt management and debt advice related websites including www.debtsolver.co.uk and www.debt1.co.uk
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