The UK Debt Problem Is About To Erupt – And The Banks Are Worried
Should you be ?
Well maybe, especially if you have tenants who may have a lot of debt. Try and help them, before their problem becomes your problem and the rent isn’t paid.
But what about you ?
If you have credit card debt or loans then maybe so – now is the time to start paying that lot down.
We call it ‘bad debt’ (as opposed to good debt which are things like mortgages etc that helps put money INTO your pocket)
Too much bad debt can slow you down, make you sluggish and hold you back.
Pay it down as fast as possible.
Then take a look at your income to debt ratio – and see if you’re comfortable with it.
I cover a lot about debt and getting out of it on my podcasts which can be found here : https://www.daniellatto.co.uk