Debt once you’re in it, can feel impossible to get out of. The problem is that for many once you are in debt you end up going into the spiral of debt and it is difficult to get out of. In this blog we are going to look into what is the debt spiral, how it happens and how you can get out of it.
Bills are going up, the cost of living is going up. What can we do about it? And can good budgeting help us in the current economic climate?
Debt Relief Orders (DROs) and declaring bankruptcy are two solutions to resolve debt. They are similar but have some important differences that will affect your eligibility. One will be more suited to your requirements than the other, and both have a strong impact on your future credit, so it’s vital to know what they are and how they differ.