Where do I turn when my finances fall apart?
Asking for personal help has to be one of the most difficult things to do. Whether it’s for relationship advice, parenting advice or financial advice, nobody wants to admit they can’t go it alone....
Consolidating Debt / Consumer Proposals / Credit Counselling Services / Dealing with Debt / Get Out of Debt / Orderly Payment of Debts / The "B" Word - Bankruptcy
Asking for personal help has to be one of the most difficult things to do. Whether it’s for relationship advice, parenting advice or financial advice, nobody wants to admit they can’t go it alone....
I had an interesting conversation with a representative from a Debt Consolidation Company. Perhaps my insight can save a financially struggling consumer a few hard-earned bucks.
What comes to mind when you hear the word “Consolidation”? Do you envision all of your debts being ‘paid off’ leaving you with the manageable obligation of one monthly payment? If so, you are thinking about a “Consolidation Loan”. A financial institution loans you money by paying off your debt and you pay them back. With interest, of course. Nowadays, the word “consolidation” is being used in a much more liberal term
(Blog submitted by 3rd party) / Author: Robin Williams [Please note that the poster does not offer any recommendation for sites linked to these articles and cautions readers to use good judgement in contacting...
Wonderful, accessible, way-too-easy-to-get, way-too-had-to-pay-off, credit.
It makes the world go around and sometimes makes our head spin. It can be our best friend or our worst enemy. Using it gives you a temporary high. Owing it gives you a log-lasting headache.
Where am I going with this you ask? I shall tell you.
We are all one or two events away from bankruptcy – meaning all it takes is one or two major events to turn our financial world upside down. The reason is simple. We live too close to, or above, our means. As a result our credit is maxed out, our savings minimal, or worse, non-existent, and we have absolutely no breathing room.
If you’ve found yourself in a cash flow crunch for an extended period of time, you may have noticed how much it costs to be broke. If you haven’t noticed, please let me enlighten you.
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