Have you ever been in a position where there are bills to pay and no money? Most people in New Zealand have experienced this, and sometimes more than once. It’s frustrating and disheartening; however, there are a few solutions. Here’s what you can do when you’re behind on your bills.

Figure Out Your Financial Situation

Finding out where you stand with your money and unpaid bills can be daunting. However, inspecting your finances can consolidate the reality of your money, and give you a firm grasp of the situation you’re in. It might even be more manageable than you originally thought.

Don’t Get Into Worse Debt

If you’re behind on your bills now, then you can’t dig yourself any deeper. Inspect your expenses, and find out what you can get rid of that will help save money. This could include cancelling streaming services like Netflix or using public transport instead of filling your car with petrol.

Prioritise Your Expenses

Certain expenses need to be paid, regardless of your financial situation. Your basic living necessities should come first. These include your rent or home loan repayments, utilities, groceries and transport fees. At the bottom of your list should be the debt you’ve accrued. It’s understandable to want to tackle your debt head-on; however, you do need to survive before you can do that.

Explore The Available Options

Many establishments can be lenient if you’re honest with them. If you can’t afford the repayments for your car, your dealership would be happy to assist in accepting lower repayments. They’d prefer to get some money paid back rather than none at all, so if you’re honest about your situation and have a repayment plan available, you should be able to buy yourself some breathing room.

Your other options are to take out a same day loan. There are countless emergency funding lenders across New Zealand. They understand the struggle and frustration of being behind on your bills, which is why they provide payday advance loans, or same day loans. Even if you have bad credit, you can still qualify for financial assistance.

It’s a difficult situation, but there are options available. Following these tips will give peace of mind and create a plan to get out of the hole you’re in. If you need financial assistance, you can take a same day loan from Cash Relief NZ. We’ll provide you with the funding you need to get back on your feet. Call us today.