I dealt with debt on my own

2013-06-11 10:53
Post a comment 2
Debt Issue
A Fin24 user writes: 

People should learn to own up and face reality and their financial situation.

There is a tendency to ignore letters, phone calls, change bank accounts and addresses. This won’t make the credit go away but adds to problems.

I dealt with my debt by calling everyone that I owed, and requested reduction on payments until such time I am able to pay the initial instalment. I also check my bank statement if all debits are going through at the right date and I have closed all retail accounts.

I am left with one that I am currently paying off.

I now put goods on lay-by and pay over three months if it's clothing, and if it’s furniture over six months or one year depending on what the agreement is.

I never went for debt counselling; I did it on my own.

- Fin24

Visit our special Debt Issue now and add your voice:

*Ask our experts
*Share a personal story
*Write a guest post


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.