Debt Management 101

Debt Management 101

If you are having money problems, you may be tempted to ignore them and hope they will go away.

If you find you are always running out of money, missing loan repayments or relying on credit to pay for your day-to-day spending, tackle your situation as soon as possible, before you fall into more serious debt.

Remember that getting into debt and missing repayments can affect your credit history and make it difficult to get loans in the future. You can also be taken to court for defaulting on loan repayments.