It’s hard to consider practical issues after the demise of a loved one. It can be more overwhelming when you have to manage the debt at the same time.
At Arrange My Funeral, we understand how difficult it can be for people to lose a companion. We offer advice and assistance to clients for coping with debt after your partner dies.
Your initial step should be to communicate with the organisations, or any other person you owe cash to. Tell them your circumstances and how much you will be able to pay them and in how much time.
There are various options for debt repayment, such as:
It can be quite worrying and stressful when you are trying to keep up with your home loan or rent payments. You need to make a solid plan on how to save money and identify the sources from where you can get more money. Make a budget and follow it properly. These steps will help you significantly in handling your rent or mortgage.
In case you find it quite difficult and you’re unable to pay all the bills and debts at once, then make a list and prioritise what you pay for. You can start by differentiating between Priority debts and Non-priority debts.