[Blogodise Finance Focus] The Debt Conundrum
Written by Erz on Tuesday, October 09, 2007Is debt killing you? Are you worried how to cope with ever increasing expenses and a meager income? Debt is not a new problem, but it seems to be affecting more and more people, and more of these people are younger in age. But how is one going to overcome the seemingly insurmountable problems facing them?
An increasing number of people have turned to debt advice companies to seek a solution to their woes. But one has to be careful here. If you are looking for debt solutions from a less-than-reputable company, some of that advice may be biased, more geared towards raising the profits of the debt advice company. For their poor clients, that would mean even more debt for them.
So while prudence and financial planning are probably good ways to go about the situation, getting advice may be the best option for those who are already heavy in debt and facing the threat of bankruptcy. Just remember to be careful who you seek advice from to avoid making the situation even worse than it already is!
| Posted in »
