free credit report UK from ExperianSympathy tends to run thin from your friends and family when you have been used to earning an excellent salary and benefits package once your ‘dream job’ no longer exists.

They tend to just see the headline figures – forgetting that a fair chunk of this salary disappears to the taxman.

Recent rounds of redundancies have hit higher earners just as much as lower earners – and there is the age old adage that one tends to spend all of what one earns!

So when redundancies kick in, there isn’t always the large pot of reserves that others might imagine.

It’s quite easy to do, that headline rate of £100k is reduced to somewhere closer to £60k after taxes and National Insurance is paid.  This still leaves a healthy £5k per month to spend, but by the time that the mortgage and bills are paid on the £ ½ million house there isn’t really a lot left… particularly after the wife has been out shopping as well!

When you initially broke the news about the job, whilst you had expected a rough ride from friends, there was the hope that your beloved might be a little more understanding, but sadly this was the latest in a long line of ‘mistakes’ that you had been responsible for (shouldn’t you have guessed?), so now the pressure is on to find a replacement job to keep the family in the lifestyle to which they had become accustomed.

Now unlike families who live on a more ‘modest’ budget, when your outgoings total £4,000 each month, the savings pot you had been building up disappears at an alarming rate.  Sure, you had intended to save more but what with the cost of private school and extra curricular activities it just did not happen.

Looking for a £100k job can take a little while as, unsurprisingly, they tend not to grow on trees.  In times of recession there also tends to be less movement in the senior management sector so you are looking into a difficult market.

Three months after your initial redundancy, you decide that the time has come to look for some slightly less senior roles, but soon realise that you are seen to be over-qualified and are looked over for interviews.  With six months passing you decide to get involved with a friends business on a self-employed basis, simply to help cash-flow as the debts are starting to rack up!

  • Before you know it, there is little headroom left on the credit cards and you are starting to get some difficult phone calls from creditors regarding unpaid bills.  It really shouldn’t have come to this, but there now seems no way out…
  • Help, however, is at hand.

At Lewis Alexander, our dedicated debt management specialists are uniquely placed to provide professional advice, guidance and ultimately provide solutions to your debt problems.  Our advisors deal with your situation in the strictest of confidence and work out what options may be available to you.

  • You can call us free 24 hours a day using 0800 018 6868.

With asset-rich customers there are often more options than you may think, and a couple of well-placed sales of valuable items (that antique painting you never really liked) and potentially a secured loan or debt management plan can help set you on the road to financial recovery.  We can talk through your situation, listen to the concerns you have and start working on a solution with your creditors that takes the stress and pressure away from you, meaning you can focus on developing your income and spending time with your family.

As long as you have a regular source of income and the thought of putting in some hard work to turn your situation is something that you are prepared for then we can help!

  • Call 0800 018 6868, our advisors usually help people find a route to a more stable financial life.
  • Remember our advisors are trained and will deal with your situation in the strictest of confidence.

Call free today!

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Worried about Debt this Christmas

On December 5, 2009, in News, by Lewis Alexander
  • Personal debt causes a lot of pain due to worrying.
  • It’s a major cause of tremendous family quarrels and arguments.
  • It can cause huge upheavals in family and friendships as well as your place of work.

If you are worried about debt problems it can start to escalate very quickly and it almost feels as if it is out of control before it actually is.  The stress of debt can be very upsetting to anyone that is going through times of financial crisis or hardship.

This is not something that is a problem for only adults but it also affects the younger generations.  As times have become harder, many people have dipped into past savings to cope with the harsher economic climate and unemployment.  Increasing outgoings and money for basics such as rent, rates and heating are becoming hard to meet and find.

  • You may already be in a situation that seems to be getting out of control and you think that there is not much you can do to get yourself out of this debt trap.
  • You may be already feeling depressed and unable to sleep.

Let me tell you that even if you are in any of the situations above and as Christmas, the festive season is around the corner, you have many solutions that will make a real difference to the way you feel about yourself and your financial situation.

  • You can make one simple phone call to a professional who knows how to deal with your situation!
  • You may be going through phases of guilt and shame because of your financial status?
  • Professional counsellors have been dealing with these kinds of situations for a long time!

Worrying about your debt can take over your whole life and start you on a path of creating negative views and differing judgment on everything around.

  • All of a sudden the situation seems bleak, but there is help available!

Approach a reputable debt management company and you will be put at ease immediately.  The most difficult situation is to come to terms with the debt itself, ask for help, seek professional advice from people who have your interests at the heart of what they do, talk to them, and discuss your situation today in confidence.

Once you have made that initial contact you will find that things are not too bad.  You will certainly feel that you have the courage to deal with the problems and suddenly you can see a glimmer of light at the end of what seemed to be a long bleak tunnel.

  • Are you lying awake at night worrying about debt problems with Christmas just around the corner?
  • Have you been wondering how you will cope with trying to keep the children happy over the Christmas period?
  • Find yourself getting angry with you and the people around you?
  • Are you feeling depressed and feeling that you are all alone in debt?
  • Stop… Make one free call now!

Take a look around a few of the best debt management companies, spend a few minutes and check out their credentials.  Make a simple phone call and the hardest part is finally over. Your advisor will have a confidential chat with you to see where they can help and with what solutions.  Always remember that you need to take action to help yourself make the decisions that may seem difficult initially and start making adjustments to your own lifestyle and expenses.

Lewis Alexander Financial Management offer a first class personal Debt Management Service, nationwide throughout the UK.  We are based in Manchester and we have helped thousands of client’s in our history.  We employ specialists who concentrate on debt management and loan consolidation and we have been looking after a great number of our clients for many years now.

Contact Lewis Alexander online or call them using UK personal debt helpline 0800 018 6868, lines are open 24 hours a day, 7 days a week and your call is free.

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