Chris Ball
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I love helping to set people across the UK free from debt and the stress that is associated with it. It gives me a real buzz.
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One of the biggest factors in getting out of debt and staying out of debt is changing your mindset. When I got myself out of debt I realised that I had a problem keeping out of debt. My thinking was trained to for instant gratification. This meant that I was seeing things that I wanted and immediately trying to buy them. The process is simple - given time.
How to cut your payments, without damaging your credit rating, and then get your debt written off, without an IVA, debt management or bankruptcy. The law and morality are on your side and it is all there to set you free. According to the latest Credit Action report 8.2 million British adults have over £10,000 of consumer debt up 30 per cent on the figure published for 2006. And yet this entire situation is a complete fiction, this is why.
329 people will be declared bankrupt or insolvent today! This number will rise to 429 people by the end of 2009! With approximately 8 million people in the UK struggling with debt and 2,915 people becoming redundant every day during the 3 months to end January 2009, it is little wonder that this level of bankruptcies is arising. So what are the main benefits and drawbacks of going bankrupt? And what are the alternatives?
