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If you think things will never get any better, you are wrong. There have been downturns in the past, and there will be downturns in the future – the key is to stay positive.

As Liberal Democrat Shadow Chancellor Vince Cable says: "One of the worst things that can happen to any economy is that people start to believe that prices are on an ever-downward spiral and therefore delay making purchases."

If you are in negative equity you may think it will never end. If you cannot meet all your debts, you may think it will never end. And if you have been searching in vain for a mortgage for months and months maybe you too think it will never stop.

Well, it can stop. There are ways and means to solve financial problems and you always have to remember the world hasn't stopped spinning. There are still mortgage lenders, loan lenders and debt management specialists that can do a lot to make your life better.

But the key is honesty and open-mindedness. Just sticking your head in the sand, letting the debts pile up and ignoring the issues will not make them go away. Even if you think you can hold out until house prices pick up again, you are wrong. This downturn has taught everyone that you can't rely on the potential of property prices again, it's too risky.

No, it's time to face the music and get proactive. Pick up the phone and talk to a mortgage adviser and see what they can do to help you do something, rather than do nothing.

SOURCE: Liberal Democrats, 09/03/09

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