Lowering Your Debt: Tips For Making Repayment More Affordable
Channel: Financial Madness
Date: 2023-01-29

Lowering Your Debt: Tips For Making Repayment More Affordable
In this video, we'll be discussing practical strategies for lowering your debt and making repayment more affordable. From consolidating your loans to negotiating with creditors, we'll explore the different options available to you and help you create a plan of action to tackle your debt head-on. Whether you're struggling with credit card debt, personal loans,, or any other type of debt, these tips and tricks will help you get on the path to financial freedom. So if you're ready to take control of your finances and start living debt-free, be sure to watch this video in its entirety.

Chapter Information (Lowering Your Debt: Tips For Making Repayment More Affordable):
0:00 Introduction
0:30 Reduce Your Borrowing Cost / Reduce Your Interest Rate
1:25 Tip 1: Speak with Your Creditors
2:52 Tip 2: 0% Balance Transfer Card
7:07 Tip 3: Switch Personal Loan Provider
8:25 Tip 4: Consolidate Debt using a Personal Loan
10:15 Tip 5: Credit Unions

🔹 Debt Part 1: https://youtu.be/YzRnx-2uNuo

🔹 Debt Charities:
-  National Debtline: https://nationaldebtline.org/
- Step Change: www.stepchange.org/?
- Citizens Advice: https://www.citizensadvice.org.uk/debt-and-money/

🔹MoneySavingExpert:
- 0 % Balance Transfer Card: https://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards/

- Same Banking Groups: https://www.moneysavingexpert.com/content/mse/msecom/en-gb/content/overlay/balance-transfer-products/same-banking-group/

- Personal Loans: https://www.moneysavingexpert.com/loans/cheap-personal-loans/

🔹Find Your Credit Union: https://www.findyourcreditunion.co.uk/

🔹 Bank of England - List of Authorised Credit Unions as at 1 July 2022
https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2022/list-of-authorised-credit-unions/list-of-authorised-credit-unions-as-at-1-july-2022.pdf

DISCLAIMER: Any advice or statements perceived to be advice given in this video and any other videos on my channel are for information purposes only, and does not act as financial advice. 
You are fully responsible for your financial decisions. If you are in need of any Financial Advice, please seek out a professional advisor. If you are unsure of how to do this, please feel free to reach out to me and I am more than happy to guide you.

#debtreduction #debtfree  #debtrepayment