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(From The Star (Sheffield))
a First alert is not being able to make ends meet. a If you find the amount of money remaining each month after making fixed payments is shrinking and is unable to cover your cost of living. WHAT TO DO ABOUT IT: a In the case of mortgages, either ordinary or subprime, shop around and see if you can change your provider to one with a lower monthly charge - although this can increase the amount of time it takes to clear the mortgage. a Ask your mortgage provider for an interest only loan if you are in a period of temporary hardship, which has reduced payments, although you will be taking a break from paying off your actual debt by doing this. a Seek independent guidance from citizen's advice bureaux or a financial adviser. a Products available to help relieve financial crises include consolidation loans - although these do not always help and can increase debts - IVAs - but beware you must commit to fixed repayments for several years. a Try to avoid missing a payment on ...