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  • debt problems FAQ


    Search on the internet for a debt consolidation company - but make sure it is a reputable one. Have a search through www.fool.co.uk (the motley fool website) they have lots of hints and tips on avoiding and getting out of debt. They also do comparisons


    I helped a friend in a similar position a few years ago.
    It's not a good idea to raise another loan to pay off existing loans.
    Try to negotiate with your creditors, for a reasonable amount to be paid back every month.
    If you are serious


    HEre are the steps you need to take:

    1) Start keeping track of where your money goes. Yes, this means starting a budget.

    2) When you realize where your money is going, find ways to shave costs. Look for way sof consolidating


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    The only problem with putting them into one place is the payment will be a lot more and be a consistent amount till it is paid off.

    As you get each card paid down the minim payment will go down also.

    Focus on one card at


    First, if you haven't done so, call your creditors to see what they can do for you.

    If they won't budge, contact a credit counseling service.

    If that doesn't work, then apply for a consolidation loan with a well-known bank

    debt problems news

    EU debt problems 'temporary'

    23.02.12

    "China does not think one should 'talk down' or 'short' to Europe, because we believe that the difficulties facing Europe are temporary," the vice president, expected to lead China from next year, told the Irish Times.

    "The EU and the governments and people across Europe have the ability, the wisdom, and the means to solve the sovereign debt problem and achieve economic recovery and growth."

    Xi said that as the world's largest economy and Beijing's biggest trading partner, the European Union was important for China and would become even more so with the continued expansion of bilateral cooperation.


    Source: Bangkok Post

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