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Next Steps
What is best for you depends very much how deeply in debt you are. In many cases people find themselves in financial trouble because of a major change in their circumstances. The loss of a job, a death in the family, the break-up of a relationship or
perhaps even redundancy. You need to look at your situation and decide whether this is a temporary setback or whether it is likely to continue for the foreseeable future. Also, you should consider whether you can realistically expect to continue making substantial repayments until all debts are cleared.
Seeking expert help makes sense because you will have little or no experience of how these problems should and can be handled. Banks, building societies, credit card issuers and loan companies will try to get you to pay as much as they can. However, you need to be realistic and expert advice can help you deal with this.
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