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Debt worries affecting UK workers

Following a recent survey, it has been revealed that debt worries are affecting UK workers. For some worry about how they are going to repay debts, has caused so much stress that they have to take time off from work. A fifth of those who are in severe debt and who had to take time off work due to stress, admit that they do not know when they will be able to go back to work. A small percentage revealed that worries about debts stopped them from concentrating on their job. If you are one of these individuals then maybe it is time to consider debt help.

One of the easiest ways to get debt advice is to look online. There are debt management specialists who will be able to offer the best solution for your needs to help you to get out of debt. One of these is a debt management plan. Someone will work with you and you pay just one monthly payment, which is then spread out, amongst your creditors. With a plan in place, your worries about debts will ease and your health will improve as you pay off your debts over a fixed period.

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This is the total of unsecured debt you have including credit cards and all types of unsecured loans, but excluding mortgages and secured loans.

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Your monthly net income should reflect your total household income including:

  1. child benefits
  2. tax credits
  3. pension
  4. regular bonus
  5. child maintenance payments

Note: Does not need to be exact.

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Your monthly expenses should include:

  1. utility bills
  2. food
  3. clothing

but exclude payments to credit cards or any other debts you have.

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