Debt Wiper - loans, online banking and debt consolidation services with information on low interest accounts, credit cards and balance transfers

Debt Wiper - loans, online banking and debt consolidation services with information on low interest accounts, credit cards and balance transfers

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Is your debt out of control ?

Does life feel like it is spinning out of control? Has a high-flying lifestyle set you on a crash course toward financial ruin? Have your credit card balances snowballed beyond your control?
You must take control of your finances.

Your first course of action.

Even before seeing your Bank Manager or Financial Advisor and certainly before you lumbar yourself with more expensive debt to get yourself out of your current situation, you need to sit down and go through all your current financial details. You will need to ascertain the depth of your debt, who your creditors are and the current interest you are paying on the debt.
You will then be in a better position for the next step; how best to manage this debt, lessen your monthly debt payments and lower your stress levels.

A number of options will be open to you:

Consolidate your existing loans into one loan where the interest payments are lower
Move as much debt as possible into Zero APR Balance Transfer credit cards
Take out a secured loan at an improved lower APR that covers the outstanding debt
Manage your finances more regularly with Online Banking and up-to-date paperwork

Please feel free to browse the links on the left to help with specific areas of debt management.

Tips for the better management of your finances

Start a record file system. If you desire to become financially successful, you need to keep track of your financial records and statements. Keep in mind that disorganization costs money. Buy a small file cabinet and start keeping and organizing all financially related papers.

Income and expenses record book. You also need a clear picture of what the family's total monthly income is. How much are you earning? Your spouse? Are there interest and dividend payments you could add to your total monthly income? You must know how much money is coming in to your household and how much is being spent. Include every purchase and every incoming amount. You will never be able to take control of your finances until you have a firm understanding of your current income and spending habits. YOu should be able to regularly balance these figures with those within your bank account. The availability of free online banking and account checking makes doing this from home a lot easier.

Start a budget. Start a budget, and stick with it. Once you know how much income you have and where and what you are spending your money on, you can create a budget. You do not need a certain "income" to budget and save money. All it takes is the self-discipline to learn how to save and to take action to save a little bit each month.

Sell, Sell, Sell. You would be surprised how much money you can raise by selling items that you own within your household. There will many things that you just do not need or use anymore. More importantly, if you can raise some money from these items then this can be used to pay off existing debts which is a VERY positive move. eBay! is a super place to raise some extra revenue.

All information contained in this website, is for general information purposes only and should not be construed as advice under the Financial Services Act 1986. You are strongly advised to take appropriate professional and legal advice before entering into any binding contracts.