Fareham, Hampshire, UK (PRWEB) December 13, 2006
There is no longer a need for UK residents to be overwhelmed with debt problems. Too many people feel trapped and unable to turn their situation around, but there are options and there is help available. Anyone in the UK who is struggling to get out of debt can now review all their choices in one place and look at the possibility of reducing or consolidating repayments. This is great news for so many people so close to what should be a happy and stress free time of year.
It is important that those having trouble making ends meet realise they are not the only ones. The average household debt that does not include mortgages is currently just under ten thousand pounds and less than a quarter of that amount is paid off annually. Retail outlets make more than half their profits over the Christmas period and UK residents spend an average of around nine hundred pounds each during this time. Almost a quarter of all shoppers are still trying to pay off their Christmas debts six months or more down the track. This is why credit consumers have been crying out for help as so many have been getting in deeper and deeper.
The problem seems to be that people are finding it hard to ask for help. Calling the bank or making a visit can be embarrassing and often unsuccessful. It is so easy for people to accept offers for credit, but when it comes to admitting you can't handle repayments, it is another story. The beauty of the new service is that it's over the internet, so anyone can use it any time, no matter how they are feeling.
A common scenario is young families who are repaying their first mortgage. Often, after securing the family home, the next step is to look at a car loan, then before long, credit card offers start rolling in. It seems so easy to meet minimum payments, but people are forgetting to calculate interest and look realistically at how long they will be carrying the debt.
A 35 year old man from Cornwall reported using a two thousand pound credit card over a three month period. He was still trying to pay the initial amount off three years later and had already made repayments to the value of three thousand seven hundred pounds. This is just one of so many stories like this and it is time UK residents realise their options and stop the worry from impacting their lives.
The internet service that is now available for those in the UK is called Trapped - http://www.trapped.co.uk - and it revolutionises the search for debt solutions. There are basically three main options available for people who want to put a plan in place for the new year, although a lot of people are deciding to sort their problem out now in order to survive Christmas without a crisis. Of course, the idea is not to borrow more money, but to reduce repayments and interest rates and consolidate to simplify finances.
You can now work out whether you need to make a debt management plan, put an IVA in place or consolidate your loans. In the past it has been so confusing for anyone trapped by compiling debts, but now you can find the help you need with your debt management. There is no need for anyone to go on any longer fearing the next bill or too worried to answer the telephone. A leading cause of stress across the board in the UK is finances and the longer people wait to seek advice and assistance, the worse their situations seem to become.
Anyone who may need help sorting through his or her debt management can go to http://www.trapped.co.uk. It is a very simple site designed for everyone to use with ease, even if they have very limited computer knowledge. Depending on the amount of debt accumulated and disposable income, a different option will be suitable for each individual situation. This really is a call to all UK residents to re-evaluate their situations and put a debt management plan of their own in place so we can all see an end to debt related stress. It has been estimated that over a million pounds of personal debt is accrued every minute in this country.
The website is a relatively new one and it is available for use today. Already, people have been putting a personal plan in place for their debt management and are achieving a sense of achievement for the first time in years. In today's day and age, no matter what your situation, there are ways you can turn things around and work towards getting ahead. It is time for more people to start trusting the experts and admit that they don't have the training or skills to maximize opportunities and negotiate with creditors. This is the only way the nation will see improved stability for the average family and individual.
Too many people put their blinkers on over Christmas and accept offers for more credit, ignoring their current existing debts. This is a trap and people need to be more realistic in calculating the value of loans if the result is paying several times more for everything purchased. The only solution for improving debt management nationwide is for more citizens to secure strategies to abolish debts and no longer live beyond their means.