No matter how much we love them, uninsured pets can end up costing thousands of pounds in vet bills if they get sick or are involved in an accident. At the time we will do anything it takes to save this well-loved member of the family, and it is only after the panic is over that we are faced with exactly how to pay for that life saving treatment.
Do we stick the vet’s bill on to an already overburdened credit card or some other form of credit? Only a very small percentage of families today have rainy day money put away for emergencies so how do we pay it off?
Debt has far-reaching consequences not only for ourselves but also for our children and animals too. They are able to feel the effects of stress and anxiety without understanding the reason why. Pet insurance is an answer that can help owners to avoid the situation in the first place. Invest a small premium every month against unexpected animal health care expenses can mean no nasty shocks later on. Pet care is not necessarily expensive and those few pounds per month may well be the best peace of mind you will ever purchase.
But hindsight is a wonderful thing, and unfortunately you cannot get retrospective pet insurance. So what do you do with the current bills? From this point it does not take too long for hard reality to set in and you realise you are in debt. Unfortunately families in debt all too often end up paying much more in terms of interest on existing debts. This can lead to a spiral of financial trouble that is difficult to escape from.
The first stage in solving a debt problem is admitting that there is one. The next move is to contact a professional debt management service. They can lead you through the maze that is personal debt into your brand new and solvent future.
Make sure your chosen debt solutions company is properly approved and accredited so that you know any debt advice you are given is accurate. It is extremely unlikely, not to mention unethical, for a UK approved dent management business to require fees before beginning work on your behalf.
A good debt solution company will contact all your creditors individually (including your vet) and secure a new and practical repayment structure with each of them. The debt advice company may also be in a position to hold the loan interest to allow your repayments to pay off the balance more quickly.