How To Get Out of Debt

By Albert Jack

How to Get Out of Debt is an important book covering all of the information you need to rid yourself of worrying debt, either business or personal, in only an hour and a half's read.  There are no long and boring legal sections just short, sharp impact information that will begin to lead you away from the misery of debt from the first few pages.

 

How to Get Out of Debt is aimed at individuals and small traders in particular and is solely geared to remove the worry from a personal debt burden. There are standard letters that can be copied and sent to creditors and solid advice about dealing with credit card and loan companies, bailiffs, landlords, banks and mortgage lenders along with the queue of people who are applying pressure, legally or otherwise, for you to part with money you no longer have available.

 

How to Get Out of Debt includes sections on:

 

• Taking immediate action and how to contact your creditors today. All of them.

• Pooling income and limiting outgoings.

Winning a losing court case.

• Having debts written off completely.

• Reducing individual debts legally.

• Prevent harassment.

• Prioritise good debts and eliminate stressful debts.

• Security and sleeping well at night.

• Nothing to fear anymore.

 

 

'For less than the price of a coffee you can be free from the worry of debt in just one and a half hours time.'

• Language: English
• Publisher: Albert Jack Publishing
• Release date: Apr 22, 2021
• ISBN: 9781386650973

Book preview

Albert Jack

Albert Jack Publishing

Copyright Page

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How to Get Out of Debt

Consolidation Loans: Why you Don't Need Them and How to Avoid Them

(2018 book Edition)

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Copyright © January 2016 Albert Jack

Art: Ama Page

Cover Design: Albert Jack

ebook Production: Albert Jack

All rights are reserved to the author. no part of this ebook may be used or reproduced in any manner whatsoever without written permission, except in the case of brief quotations embodied in critical articles or reviews. This is a work of non-fiction.

Important Notice:  All advice, laws and links to helpful websites are correct at the time of writing. This may change in the future so readers are advised to cross check with current (at the time of reading) advice. However, the principles and options should remain the same.

US Readers: Most references are to UK laws and links to UK websites. Although the principles of this book remain the same and can be applied throughout the United States, US State & Federal law and debt procedures may need to be checked locally. That is what Google was invented for.

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Albert Jack Publishing

PO Box 661

Seapoint

Cape Town

South Africa

8060

albertjack.co.UK

albertjackchat (Twitter)

Note: Whilst every effort has been made to ensure that the advice given in this book is correct, the author, publisher, editors and consultants cannot accept any liability whatever for errors of omission or commission arising from the use of these notes. The author and publisher are not in the business of providing professional services or legal and financial advice. In other words, rules, regulations and procedures may vary from country to country and from state to state and independent clarification must be established before proceeding. However, the practical procedures within these pages should remain relevant world-wide.

About the Author

Albert Jack, is a writer and historian. His first book, Red Herrings and White Elephants explored the origins of well-known idioms and phrases and became an international bestseller in 2004. It was serialised by the Sunday Times and remained in their bestseller list for sixteen straight months. He followed this up with a series of bestsellers including Shaggy Dogs and Black Sheep, Pop Goes the Weasel and What Caesar did for My Salad.

Fascinated by discovering the truth behind the world’s great stories, Albert has become an expert in explaining the unexplained, enriching millions of dinner table conversations and ending bar room disputes the world over. He is now a veteran of hundreds of live television shows and thousands of radio programmes worldwide. Albert lives somewhere between Guildford in England and Cape Town in South Africa.

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Other Books By Albert Jack

Red Herrings and White Elephants

Shaggy Dogs and Black Sheep

Phantom Hitchhikers

Loch Ness Monsters and other Mysteries Solved

Pop Goes the Weasel

The Old Dog and Duck

What Caesar did for My Salad

Its a Wonderful Word

Money For Old Rope  Part 1

The Jam: Sounds From The Street

Money for Old Rope  Part 2

Last Man in London

Rose Versus Thistle

They Laughed at Galileo

The Greatest Generation

Sections

Introduction

1 - The worry of debt, live without it

2 - Face up to it, creditors aren’t scary

3 - Consolidation loans - you don't need them

4 - Existing debts

Immediate action  -  starting now

1 - Contact your Creditors today

2 - Positive action

3 - Your mortgage / rent - Save your home

4 - Household costs. Gas, Electricity Council Tax

5 - Credit cards

6 - Student Loans

7 – Car / Equipment Loans

8 – Child Support Agency

Income

1 - The Welfare System

2 - Pooling your income

3 - Protecting your income from creditors (armour plating)

4 - Limit your outgoings

5 - Money you didn't know you had

The Law

1 - Avoid Repossession.

3 - Bailiffs

4 - Harassment

5 - Win the Court case

6 - Interest rates

7 - Writing off a debt

8 – Bankruptcy or Voluntary Arrangements.

8 - Little known Laws

Assistance

1 - How to get free advice UK & USA

2 - Free legal assistance UK & USA

3 - Insurance

4 - Associations and advice centers

Security

1 - Stress & worry free

2 - Sleep at nights

Introduction

1 - Live without the worry of debt

Debt is really not something to worry too much about. If you owe money to one of the big financial institutions, or perhaps a small company or even an individual, they all have one thing in common. And that is you have something they want and by any principal you wish to apply, that puts you firmly in driving seat. If you are in debt you should be in charge of it and if you are it is easy to manage on your own terms, after all you are the only one who can give your creditors what they want. This book aims to show you how to do just that, and stop worrying about debt.

To begin with, let us put something into perspective. At the time of publication the UK National Debt stands at 1,511,217,823,386 (That’s just over one and a half trillion) of your hard-earned English pounds and that figure is increasing, at the time of writing, (13/09/2014) by one million pounds every four minutes. You can check for yourself where that figure stands at the time of reading here; www.debt-clock.org -  Now, divide that amount by the current population of the UK and it means that every rich man, poor man, beggar man and thief is in the red (in relation to the national debt) to the tune over seventeen thousand five hundred pounds, each. And in America, that figure is even worse. Far, far worse.

Now hopefully that puts whatever debt problem you have right now into some sort of perspective, so let’s start dealing with it, from that perspective. In recent years it has become far too easy to slip into unmanageable debt. Everywhere we turn credit companies try to convince us to borrow and buy, and when we run into trouble with one set of repayments another company will lend to us again and again, and again. 'Buy now and spread your payments' or 'Fast Free Loans' has been the tone of many adverts. Even worse the one that reads ‘Worried about debt? Take out a loan’

With so much money available and interest rates as low as they have been over recent years, finance companies and banks have been competing hard to lend us their money. Everywhere we look we are being offered credit cards, consolidation loans and free finance and with such persuasive advertising it is not really surprising many of us take them up on their offers. Couple this with a lack of real job security, in many cases the lack of any job at all, and lots of us soon find ourselves in big debt. You are not alone; there are millions out there, in fact hundreds of millions. And as for the banks, well look where that policy got them in the end. It isn’t your fault.

However, and because of this, millions of people are now faced with court action or the threat of disconnection, followed by the lure of new debt to pay off the old debt. None of us want to lose our homes, cars or bikes. None of us want the debt collectors calling around and none of us can relax when the bills and nasty letters are piling up.  But is it entirely our fault?  As you are reading this book it is safe to assume you are in some sort of debt so be assured you are not entirely to blame.

You must not see yourself as a financial failure.

Your creditors also have some responsibility for this and that is why we mustn’t let them have