Whatever you do, avoid bankruptcy. Bankruptcy stays on your credit report for ten years. It’s a negative, life-altering event that will cause embarrassment and lifelong damage. When there is a bankruptcy on your file, this makes obtaining future loans and even high-paying jobs severely difficult. If you do, in fact, lie in the future on a loan application that you have never had a bankruptcy filed, you are actually committing criminal fraud.
Anyone can do it – It doesn’t matter if you’d never seen that little blinky light boxy thing called a computer until just last Tuesday. There is enough information on the internet that you merely need to devote yourself to study and practice of the proper principles to become successful.
But there’s something you can do about it. You can look into the services of debt consolidation service. They will negotiate a payment plan for you that will turn the burden of numerous credit card payments into one easy to make payment that fits into your budget. Most of these services are run by nonprofit organizations that will step in and act as a barrier between you and the credit card companies. They can reduce the balance on your loans by up to 50%. That could wipe out half of what you owe. They also can lower your interest rate and wipe out the fees charged against your account.
I also receive EBT or what is commonly known as food stamps and having them keeps us from starving. The disability allotment goes on household necessities and utilities and there is no money left for food once the bills are paid. Food stamps aid the working poor family or disabled citizens.
The first step to financial wellness and then freedom is taking responsibility for your personal finances. This means that the buck starts and stops with you. There is no one to blame for the monetary situation you are in except you and once you take that responsibility and decide to do something about it the only thing that can stop you from reaching your goal is you!
Remember you will be facing severe competition and will not be paid the pretty doughnuts because those are reserved for the “well established”. You will be bulldozed by new people everybody because everybody wants to add the “I have worked in TV” tag. Remember advertising jobs salary increase parabolically, so do not get upset in the low beginnings.
The best solution to this problem is to consolidate the student loans. In this method, all student loans can be combined into one. Next, the interest rate should be fixed based on the financial situation. The term of the loan should be fixed at some 25 to 30 years. This will reduce the monthly installment by 50% or more. Thus, it will make it easy for you to meet your loan dues.
Most people buy good things. They are brought up to spend their money wisely on good, not broken, perfect things. The more perfect and problem free the better. To get your money’s worth you are brainwashed to believe that an object of purchase should be imperfection free and by this measure we can gauge the value we received for our money.