If you are suffering from financial difficulty, you are not alone. An average household in the UK can owe up to £30,000+ including the mortgage on top. People strive to get these debts settled until they suffer bankruptcy and lose their property through repossession. They experience the highest level of stress and anxiety because of these problems.
There are some steps that you can take to address the issues and survive financial difficulty.
- Do not panic. Staying calm can make you smarter decisions. Go for a walk or do some activities that can lessen the stress. You will not forget about the financial problem but you can think of a better solution afterwards. Look at the Solution not the Problem.
- Review your expenses and stick to the budget. Determine what you need and what you can live without. This might mean that you have to sacrifice Sky television, reduce your mobile expenses, eat out less, stop drinking. It might be difficult at first but this can save you a lot of cash when all added up. Set up a budget and find a way to stick with it.
- Pay in cash. Keep away from the plastic for now. Paying in cash will give you more visibility of how much you have left in the wallet. Further debts will not help you!
- Avoid late fees. Even if you have a tight income, make sure you settle fees on time. This will save you from late fees and charges.
The good news
These people could have saved their own home and settle their debts if only they had realised that they have a lot of cash tied up in their homes. Selling your house can release you from your mortgage arrears and settle your commitments and obligations instantly. A Quick Property Move can purchase you property instantly are relieve you of all the worry and stresses.
The bad news
It is a challenge though to sell a house in the market. The competition is tough, the process is time-consuming, costly and uncertain. It may take you around six months to sell your house If the market is goof and if you are lucky. Another problem that you may face is that the longer it takes you to sell the house, the lower the value could be. The interests on your debts will continue to increase while you wait for someone to buy your property. You end up getting less cash than expected which may not be enough to fully pay your obligations and start a debt free life.
If you would like to spare yourself from this stress and anxiety, A Quick Property Move can help you.
How we can help?
Call us free today at 0800 111 4634 or click on Call Back Request and leave a message with your name and contact details. You may also use the Apply Online Now Form fill it out with all details, and receive a call within one hour and meet up. Let’s start A Quick Property Move now!