Hello
Hope all is well
Solving personal finance dilemma
Don’t hide from your creditors negotiate with them
How;
How;
- Be honest with them about your financial position, tell them the truth and come up with solution together with them. For example reducing the monthly payments. If you don't this only makes then angry.
- Explain your commitment to pay that debt, hiding only makes things worse
- Call them before they call you
Consolidate your debt
Borrowing from official lending agency at low rates for longer period will help clear short term debts.
Discipline yourself
· For instance change in lifestyle by focusing on what needs to be done than what you would like to do.
· A what to do list or a budget every month or for all finances coming in would help you be check
Next time we look at how to make a budget
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