We all hate getting those final demand letters with all that red writing designed to make us panic, but this is something that happens to everyone at one time or another, so don’t worry too much, as there are many ways of resolving the issue. Whilst some people sit at home and get stressed reading the correspondence over and over again, those with more intelligence realize that going out and making changes to find the money they owe is the best move, so you should definitely follow their example. At the end of the day, debts are only numbers on computers and pieces of paper, so all you need to do is get some numbers from somewhere else.
Don’t misunderstand the point I’m making here. Obviously, you do need to pay back any money you owe to creditors, or they WILL take you to court. However, you should avoid paying from your own savings or wages and try something a little more creative. While there are risks involved in taking this path, the rewards make the endeavor worthwhile. So, without wasting any more time on this introduction, here are 4 simple ways to get out of debt in 2014. Hopefully, you’ll find at least one of them could help in your current financial situation.
1 – Apply For Credit Cards With 0% Interest
Presuming your debt is worth equal to or less than around £7,000, you should have no trouble getting credit cards to cover the amount and get those creditors off your back. If you apply for ones offering 0% interest for a period of time, this will give you some breathing space. Simply pay your creditors using the cards, and then start paying the cards off, safe in the knowledge your debt is no longer rising.
2 – Try To Make The Money Online
There are many different ways of making money from the internet these days, and you should use whichever solution of which you have the most experience with. So, whether you spend all day online looking for suitable casino sites or you have something a little more complex up your sleeve, earning your cash fast online is most definitely a wise move.
3 – Sell Your Collectables
You would not believe the number of people I hear complaining about debt problems whilst owning a number of very expensive collectibles. Maybe you’ve got the original Star Wars figurines in a display case, or perhaps you’ve got a number of different historical artifacts, either way, selling them now could end all your worries in a heartbeat.
4 – Remortgage Your Home
If the debt you have is astronomical, and there’s no way you could possibly pay it off quickly through other means, then perhaps a trip to see your bank manager could be suitable. So long as you’ve already paid a significant amount off your original mortgage, they should be more than happy to repeat the process, remortgage your home, and hand over some funds to you.
At the end of the day my friends, being in debt simply isn’t good for your health, and many people get ill due to the stress involved. So, it’s important you deal with all your debt issues in the quickest way possible.
Good luck, I’m sure you’ll be fine!