The one thing that is making money in the current financial squeeze are the debt consolidation companies and insolvency practitioners.
The fees these organisations charge are outrageous, not to mention the further life entrapping years they sign their clients up to.
Unfortunately, there is still a great deal of unawareness and ignorance about money management, debt management and good old fashioned pay as you go common sense.
Sadly many young people today have left school and college totally financing their lives on overdrafts, loans and credit cards.
It's easy to blame the banks, who until recently were increasing credit card limits without any application from the borrower: run up a limit of say £2000 and when your next statement has arrived, you had a limit of £3000.
However, if you have borrowed the money you should have the responsibility of mind to pay it back, sadly many people are not in a position to do so.
It's my mission to make people aware of the rip off culture of debt refinancers and insolvency companies who are driven by fee income as opposed to helping their clients, which in many cases they are not doing.
Ultimately some people will lose their home and cars if they have lost their income.
ruthless debt financers only put of the inevitable.
There are other ways to deal with debt without getting into more debt.
DON'T REFINANCE ANYTHING.
It's better to negotiate your way out, after all that's what debt refinancers and insolvency companies do anyway.
Get negotiating.
Good luck
The fees these organisations charge are outrageous, not to mention the further life entrapping years they sign their clients up to.
Unfortunately, there is still a great deal of unawareness and ignorance about money management, debt management and good old fashioned pay as you go common sense.
Sadly many young people today have left school and college totally financing their lives on overdrafts, loans and credit cards.
It's easy to blame the banks, who until recently were increasing credit card limits without any application from the borrower: run up a limit of say £2000 and when your next statement has arrived, you had a limit of £3000.
However, if you have borrowed the money you should have the responsibility of mind to pay it back, sadly many people are not in a position to do so.
It's my mission to make people aware of the rip off culture of debt refinancers and insolvency companies who are driven by fee income as opposed to helping their clients, which in many cases they are not doing.
Ultimately some people will lose their home and cars if they have lost their income.
ruthless debt financers only put of the inevitable.
There are other ways to deal with debt without getting into more debt.
DON'T REFINANCE ANYTHING.
It's better to negotiate your way out, after all that's what debt refinancers and insolvency companies do anyway.
Get negotiating.
Good luck
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