Beware & Be Informed

October 8th, 2010 by Poonam Khatri

The common reason for most people to fall in debts is because of the no or incomplete information on how their accounts work.

The recent survey conducted with the clients of RMS has revealed that the debts are a result of poor administration of available funds and incomplete information on how their different accounts work i.e. overdraft, credit card, store card etc.

The fact that most individual are not aware about the limit on each account, interest and different charges levied on different accounts is the most basic hurdle one faces to manage these accounts. Also, as many individual decides on paying their bills on the basis of the available funds rather than paying the debts where the interest & charges are higher compaired to other accounts, and end up being in debts with the highest interest & charges bearing account.

The best way to deal with your accounts is to first prioritize them on the basis of interest and charges which will be levied on them, then on the fact that which of these accounts you will need to use in near future (like store card to buy grocery, credit cards or overdraft to be able to pay various bills excreta) and the on the affordability of funds. This way you will be able to get rid of the unnecessary interest or charges and be able to use those which are necessary for your expenditure. 

It is also important to be continuously updated about your account status and be ready to communicate with your creditors incase you need any assistance or help in paying your debts.

We, at RMS understand that, it is not possible with everyone to be able to find out time out of their busy schedule to sort their debts and therefore, we provide you the very services you need and lift up the burden from you to communicate with your creditors and be on time to pay your bills.
 

Contact us on 0800 135 7143, for a free assessment of your income and expenditure. Our Advisors will be more than happy to provide a free offer of payment and an array of suggestions best suited for your profile.

6 Responses to “Beware & Be Informed”

  1. Lai Mccargo says:

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