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Dear Friend, Hello and welcome...
What kind of debt you have ?
Whatever kind of debt it is, I would strongly suggest to contact your lenders. Very honestly tell them your problems and offer to work out a mutually acceptable payment plan.MOST lenders co-operate with such approach.
Apart from this, you can also see where you can cut back your expenses and increase some reserves so that a reasonable payment plan can be devised.
I would also suggest taking professional help from "Citizens Advice" and "The National Debtline", whose details can be found at :http://www.moneywise.co.uk/investing/financial-goals/20-ways-to-escape-debt-good
Citizens Advice citizensadvice.org.uk (020 7833 2181)The National Debtline nationaldebtline.co.uk (0808 808 400)The Consumer Credit Counselling Service cccs.co.uk (0800(NNN) NNN-NNNNor 0800(NNN) NNN-NNNNin Scotland)
So, first concentrate on your debt, and in some time, your credit too would improve. This would make your opening your bank account easier with any bank
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i need to pay 60 pound to bank later on that 60 pound turn out to be 260. bank has sent debt collection agency to collect that moeny. i dont know what i need to do.