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A Pragmatic Approach to Debt Problems
When most people think of how they would feel if they were in
debt, they imagine experiencing despair and fear. However, new
research shows that a large proportion of debtors actually adopt
a pragmatic approach to their situation.
Debt...
Credit Repair Through Debt Consolidation
Although everyone's economic status and situation is particular,
almost all of us are in some sort of debt at any given time.
This can mean small debts like credit card bills or in-store
financing, as well as larger ones like outstanding loans...
Debt consolidation makes sense 'only' with low interest rates
Credit that cannot be managed or is not being repaid requires debt consolidation. Debt consolidation offers borrowers with a chance to repay their high interest loans at low interest rate. You must be thinking, 'it sounds good, but how is it...
Learn The Five Key Debt Reduction Steps You Must Take Immediately!
Step 1. The purpose of this first step is to bring you back to reality. You must know exactly how much money you owe and to whom you owe it. * Collect all of you unpaid bills and any other evidence of your outstanding debts. * List each...
Personal finance - have consumers had a belly full of personal debt?
For months, we were trigger-swipe happy, putting our groceries, clothes, holidays and service charges on our credit cards. We wanted mortgages, we took out loans, we watched Property Ladder and What Not To Wear. Whether you were born middle class,...
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TOP 10 WAYS TO AVOID DEBT DURING THE HOLIDAYS
The Debt Trap: How Your Life Choices Impact on Your Financial Future
1. NEVER use your credit card if you don't have the money in the bank.
2. WRITE one check in advance for the money you allocate for gifts, and write a
list of what you purchase and the cost of each purchase without exceeding the budget.
3. IF you can't afford to buy gifts, bake or hand make crafts that don't throw you
into debt.
4. DON”T rely on anticipated bonus's or raises when making spending decisions.
5. WHEN purchasing gifts don't try to keep up with the Jones's.
6. DON”T carry too much cash since cash goes quicker when it's in your pocket.
7. BE careful of excessive telephone use, since it can create huge bills if you don't
keep track.
8. GIVE several small gift certificates instead of one expensive gift.
9. GIVE of your time to help the less fortunate.
10. REMEMBER the true spiritual meaning of the season rather that the commercialism.
About the Author
Steven Taieb is a NJ State Bankruptcy Attorney. He has written an invaluable book titled, The Debt Trap that could save thousands of consumers the dreaded option of Bankruptcy. Steven Taieb has practiced consumer bankruptcy law for over 18 years and is one of ten lawyers in New Jersey certified by the American Board of Certification in Consumer Bankruptcy Law.
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