The UK Debt Problem Is About To Erupt – And The Banks Are Worried

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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

About the author 

Daniel Latto

Daniel Latto is the owner and Director of The Daniel Latto Group, a Full Service Digital Marketing Agency.

Daniel advises businesses on marketing on Social Media using both Paid and Organic content. His top rated iTunes Podcast; 'The Wealth Creation Show' has hundreds of thousands of listeners around the world.

Daniel originally became Financially Free through property, with a Multi Million Pound Property porftolfio in Leeds.

He now lives in Spain on the shores of the Mediterranean.

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