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    ons of borrowers are struggling to keep up with their monthly repayments. I know exactly how they feel, because I was in the same situation, when I found myself owing almost ?60,000, thanks to four personal loans (including a debt cons
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    A Chase Saunders Case Study

    I owed ?60k on four loans and 11 cards, but paid it all off and am now debt-free. Here's how you can sort your debt problems.

    An easy to follow plan could help many relieve the burden of debt and high interest payments.

    Britain has become a country of debt addicts, with many people relying on credit just to make ends meet. According to the latest figures from the Bank of England, we owed over ?1,000 billion to mortgage companies. Thus, thanks to increasing house prices, mortgage debt has grown by ?450 billion in the past 5 years.

    Over the same period of time, unsecured credit (personal loans, credit cards, store cards overdrafts etc) has grown from ?132 billion to ?192 billion. This means that unsecured debt has increased by ?1 billion a month since May 2001, and now amounts to almost ?8,000 per house!

    Personal debt is at an all-time high and it is no surprise that millions of borrowers are struggling to keep up with their monthly repayments. I know exactly how they feel, because I was in the same situation, when I found myself owing almost ?60,000, thanks to four personal loans (including a debt conso

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    high interest payments.

    Britain has become a country of debt addicts, with many people relying on credit just to make ends meet. According to the latest figures from the Bank of England, we owed over ?1,000 billion to mortgage companies. Thus, thanks to increasing house prices, mortgage debt has grown by ?450 billion in the past 5 years.

    Over the same period of time, unsecured credit (personal loans, credit cards, store cards overdrafts etc) has grown from ?132 billion to ?192 billion. This means that unsecured debt has increased by ?1 billion a month since May 2001, and now amounts to almost ?8,000 per house!

    Personal debt is at an all-time high and it is no surprise that millions of borrowers are struggling to keep up with their monthly repayments. I know exactly how they feel, because I was in the same situation, when I found myself owing almost ?60,000, thanks to four personal loans (including a debt cons

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    ompanies. Thus, thanks to increasing house prices, mortgage debt has grown by ?450 billion in the past 5 years.

    Over the same period of time, unsecured credit (personal loans, credit cards, store cards overdrafts etc) has grown from ?132 billion to ?192 billion. This means that unsecured debt has increased by ?1 billion a month since May 2001, and now amounts to almost ?8,000 per house!

    Personal debt is at an all-time high and it is no surprise that millions of borrowers are struggling to keep up with their monthly repayments. I know exactly how they feel, because I was in the same situation, when I found myself owing almost ?60,000, thanks to four personal loans (including a debt cons

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    om ?132 billion to ?192 billion. This means that unsecured debt has increased by ?1 billion a month since May 2001, and now amounts to almost ?8,000 per house!

    Personal debt is at an all-time high and it is no surprise that millions of borrowers are struggling to keep up with their monthly repayments. I know exactly how they feel, because I was in the same situation, when I found myself owing almost ?60,000, thanks to four personal loans (including a debt cons

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    ons of borrowers are struggling to keep up with their monthly repayments. I know exactly how they feel, because I was in the same situation, when I found myself owing almost ?60,000, thanks to four personal loans (including a debt consolidation loan !) and eleven credit cards, most of which were maxed out!

    Here are a couple of tips to handle debts:

    Tip 1 - Budgeting

    The first aspect you must tackle is your household budget. Househould financial mismanagement is very often the main cause of debt problems.

    The first thing that you should do is list all of your priority expenses. These are the essential bills which you must pay every month. These include:

    • Rent or mortgage (you need to keep a roof over your head)
    • Council Tax (non-payment could lead to imprisonment)
    • Utilities (gas, electric, telephone and water)
    • Food (you need to eat!)
    • TV Licence
    • Hire purchase (for example, car payments)
    • Child Support
    • Secured Loans (your home could be at risk for non payment)
    • Travel costs
    • Clothing
    • Fines, ccjs etc

    Once all of these costs have been met you will be left

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