Nobody wants to end up with mountains of debt they can’t repay. For that reason, it’s essential that we all take active steps to maintain our situations this year. Like it or not, certain conditions are guaranteed to increase your outstanding balances. So, take some suggestions from this page and put them to good use. If you can manage to avoid these situations during the next twelve months, you stand a decent chance of lowering your debts. However, people who fall foul of these instances could find themselves in a worse position by 2017. 
debt mountain
Always make your mortgage payments
Mortgage payments should remain at the top of your list of priorities this year. The last thing you need is to lose your home because you spent the money elsewhere. People who become homeless often spiral into an uncontrollable debt pattern. That is because they have to pay for accommodation costs that exceed their mortgage. Also, if you have children, this tip is exceptionally important. You might have to move them to a new school if you have to relocate, and that could ruin their chances of a decent education. Even if you can’t afford to put food on the table, make sure you always meet your financial responsibilities with the bank. They won’t pull any punches when it comes to selling the property to recover your debt. 
Don’t apply for more credit cards
Some people end up with more than ten different credit cards in their wallets by the age of 40. That is terrible because it means they will struggle to remove the debt. If you find yourself in that situation, don’t apply for more credit. It’s tempting to take out a new card to cover the payments you can’t make. However, that just extends the process and leaves you in worse situations in the future. Representatives from the First Hawaiian Bank offer some excellent advice on getting your balance down. Bankruptcy might seem like a drastic move, but it’s better you do it now than get into more trouble. Employ the services of a financial planner first just in case they can find a way for you to pay the bills. Who knows? Maybe they’ll spot something you’ve overlooked. 
Don’t get arrested!
Getting arrested is one of the worst processes for creating debt in your life. If you go to court, the judge will demand thousands of dollars in bail. That means you have to call bondsmen to ask for assistance. In most cases, you only have to pay the first 10% of the money they risk on your behalf. The manager of A-1 Bonding deals with people in that position all day long.  While reputable firms will do everything they can to create affordable repayment schedules, you’re going to owe them a lot of cash. The best course of action? Don’t get arrested in the first place. If you’re already struggling for money, it will only make things worse. Also, nobody wants to spend a night in jail. 
Don’t get arrested!
Make sure you use this information to improve your prospects in 2016. People who manage to follow this advice should reduce their debts in the next twelve months. Anyone who ignores the tips on this page can expect to find themselves in an ever more stressful situation. Most people have debts, and so you’re certainly not alone. However, you must learn to manage them effectively if you want to avoid bankruptcy in the future.

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