Tackle Your Debt

When entering in debt, you are making a commitment to repay the loaned amount, over a certain period of time, with the addition of interest. It is critical that debt payments are affordable, on time and that they will not significantly impact your lifestyle.

Through the links below you can find some articles that go in more detail on how you can manage your debt.

Understanding Debt

This is one of the videos we have produced with the Central Bank of Malta in our budgeting series. Watch the Central Bank of Malta and ĠEMMA Video on ‘Managing your debt’ below or follow this link to watch it on YouTube. View this ĠEMMA video by clicking on the above  and learn more about…

Read more

Paying Off your debt

The first step is to check how much debt you have, and what sort it is. The high-interest debt costing you the most is the priority, not the no- or low-interest stuff. Loans that don’t charge high interest or fees are okay for now you should consider as a lower priority. It is s the…

Read more

Getting your debt under control

The following are ĠEMMA tips directed to help you to get your debt under control. 01. Get a clear understanding of what monies you owe. This is the first step – taking stock.  Put together a clear picture of your debts as well as (a) the minimum monthly repayment obligations.  Include credit cards, loan repayments,…

Read more