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If you have debt problems, 2009 has to be the time that you begin to make changes in your life.

Many Brits are looking over a precipice – the Council of Mortgage Lenders reckons 75,000 people will lose their homes this year. These 75,000 will find that their debts will get the better of them. They will spend and spend and fall further into the red. Credit card bills will rise, mortgage repayments will become harder and harder to meet. Finally, after months of struggling they will lose their homes and all their years of hard work on the property ladder will be ruined.

This isn’t doom mongering; unfortunately this is fact. But it doesn’t have to be fact for everyone. For every person that will lose their home this year, many more will find ways of making their finances work. They will find refinance, and they will be able to consolidate their debts. But the ones who do avoid repossession are those who work hard to avoid repossession.

Many of those 75,000 will lose their homes because they will keep their head in the sand. They will ignore their problems and they will continue to spend while things fall down around them. Don’t ignore your debt problems: embrace the situation and tackle them head on. Be on top of them, be honest about them and talk about them to a financial adviser, a debt adviser or even just a friend.

Thos people who work towards being debt free will have a lot better chance of not being one of the 75,000 in 2009. A proactive stance, a sensible plan and a will to improve will hopefully see debt disappear and hope for a brighter financial future.

To Keep up with news and comments on the current adverse credit market please visit the Adverse Mortgage Blog.