|
|
|
A Comparative Study in Customer Service
This month, I experienced the misfortune of having two laptop computers break down on me within a single week. One laptop was less than eight months old; the other had failed five times in less than two years. As you can imagine, I was extremely...
Equipping Your Home Voiceover Studio
To make a living, voice over talents used to have to physically go to gigs recorded in commercial production facilities. Now, gigs can come to them-in home studios and through the Internet. But for many voice over talents, newbie and old pro alike,...
How We Eluded The Bear Of 2000
The date October 13, 2000 will forever be embedded in my mind. It was the day after our mutual fund trend tracking indicator had broken its long-term trend line and I sold 100% of my clients’ invested positions (and my own) and moved the...
PR: The Thrill of a Good Idea
The notion that a business, non-profit or association manager can actually hold a big key to success in his or her own hands IS a thrilling idea!
And it becomes more thrilling as the manager actually alters individual perceptions leading to...
Seven Surefire Strategies To Recession-Proof Your Business
"We are about to witness the deepest depression since the 1930's," reported Martin Weiss, Ph.D. for The Daily Reckoning. Pessimistic as Weiss may seem, the facts lend credence to his statement. Since the tragedy of September 11,more than 415,000 ...
|
|
| |
|
|
|
|
|
|
Credit Card Debt Problems
What to Do If You Hit the Debt Mire
When debt goes bad, it becomes more than just a financial problem. It can take over your life. If you have a debt problem the earlier it is handled and dealt with, the less likely it’ll turn into a crisis, and the more money you’ll save in the fullness of time.
The very nature of borrowing means that interest increases over time and if it isn’t dealt with promptly, it can spiral out of control and land you into trouble. Particularly with credit cards, when interest payments are large, and a minimum payment offers a seemingly manageable solution; what is actually happening is this: the balance is being eroded like the sea bites away at the shore. It’ll disappear into the ocean eventually, but might take many years to do so. What you need is a more radical approach, where chunks of debt are eaten away each month.
Being in debt can be a stressful time. Many people are scared to tell husbands, wives, friends – anyone. There’s a kind of stigma attached to the problem, but there is always a way out.
Traditional debt advice proscribes borrowing your way out of a problem. Yet this ignores the reality of most debts. A more advisable and realistic approach would be to never borrow more to get out of debt trouble. If it is possible to borrow more cheaply elsewhere to replace existing borrowing and consolidate your debt, then this is an eminently sensible approach.
The first step should always be to work out your monthly outgoings and try and trim down your spending on luxuries and things you can do without. This doesn’t mean you have to live the life of a monk and forgo all worldly pleasures! But by adopting sensible spending patterns you can redirect some of your monthly income into paying off your outstanding balances. Always keep at the front of your mind the fact that the longer the debt smolders away, the more you spend in interest payments.
Those with big debts may save thousands a year in interest by reconsidering their borrowing commitments. Do this in three ways:
i) Lower the interest if possible by moving your debts to reduce the interest cost.
ii) Pay the worst first: prioritize paying off the highest interest rate debts first
iii) Utilize any free debt advice there is. A non-commercial agency will give you good advice,
focus you on your priorities, and place any problems in context. Things may not be as bad as they first seem.
Of course, there’s other basic, practicable things you can do on your own. It's incredibly important to get on top of credit card debts as soon as possible. Don't default or miss payments. Let the credit card company know if you are going to be unable to pay – it’s always better to talk to them than putting your head in the sand.
If things aren’t that bad, there’s a variety of easy strategies you can implement that will help ease things for you. Consider a credit card balance transfer to a lender offering a lower rate of APR. This will mean you spend less on interest payments each month and start to attack the overall balance with real venom.
You could take out an unsecured loan as a way of consolidating your debt. Personal loans can give you a consistent cheap debt, and as you must make the repayments each month, it helps provide structure to your repayments. Those with poorer credit scores might not always get decent rates, but it’s still often a cheaper option than paying back credit card debt each month, and overall a faster method of repayment.
If you have them, use savings: The interest paid on savings is usually far less than interest charged on borrowing, so paying off debts with savings makes eminent sense. Even if you think of your savings as an ‘emergency cash fund’ or money for the future, better to fall back on it in the short term and pay it back later, than paying interest to a credit card company so that money for some far flung eventuality is at your disposal.
It’s worth mentioning that for many people, credit cards provide sensible short term, flexible lending, that’s both cheap and convenient. You should always try and proceed cautiously, but credit card debt woes are not an inevitable consequence of taking them out. Tens of millions of Americans use credit cards cheaply and conveniently every year.
For those who feel they are in trouble, don’t feel stigmatized by your debt woes and don’t pretend they’re not there. Help is at hand should you seek it, and a solution is never far away.
Ethan Hunter is the author of many credit related articles. If you are looking for help with Home Loans or any type of credit issue please visit us at http://www.creditcardunlimited.com
|
|
|
|
|
| Finance - Leases-Leasing Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
| ezinearticles.com |
|
| Finance: Leases Leasing Articles from EzineArticles.com |
| http://ezinearticles.com/?cat=Finance:Leases-Leasing Free Content For Your Ezine or Website http://creativecommons.org/licenses/by-nc-nd/2.0/ Why use your ... |
| ezinearticles.com |
|
| Leases Leasing - Money & Finance Articles |
| Leases Leasing - Money & Finance Articles. Money & Finance | Accounting & Payroll | Bankruptcy | Business & Loans | Credit Tips | Currency-Trading ... |
| www.article99.com |
|
| Finance » Leases Leasing » Absolute Article Directory |
| Absolute Article Directory: Finance, Leases Leasing. |
| www.absolutearticle.com |
|
| - Leases-Leasing |
| By David Springer | On January 29, 2006 | In Leases-Leasing | Rated. Short on cash, but need equipment? Consider leasing what you need. ... |
| www.articlebar.com |
|
| Leases Leasing |
| You are here: Article Directory arrow Article Directory arrow Finance arrow Leases Leasing ... Leases Leasing. Articles ... |
| www.rumorist.com |
|
| Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan ... |
| Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan Florence One Way Paris London Frankfurt Madrid Lisbon. |
| www.ideamerge.com |
|
| europe car rental leases leasing one way rentals long term renault ... |
| pictured is the Renault Laguna Estate, With Renault tax-free, short-term auto leasing you get the exact, brand-new vehicle you reserve, plus unlimited miles ... |
| www.ideamerge.com |
|
| Private Fleet - Finance, Insurance, novated leases, leasing, CHP ... |
| New Car Broker Australia. Private Fleet sales discounts on your new car purchase, no haggle, no hassle saving $1000s off all new and used cars for private ... |
| www.privatefleet.com.au |
|
| Projector Leases, Leasing Companies for LCD, DLP, LCOS projectors |
| Projector leasing programs and services. Choose a company. |
| www.projectorcentral.com |
|
| Category: leases-leasing |
| Category... leases-leasing. Results 1 - 3 of 3. Search took 0.01 seconds. Page 1 of 1. Buy or Lease: Which Automobile Transaction is Better? ... |
| www.articler.com |
|
| John Dellagnese & Associates: offices, officespace, lease, leases ... |
| It takes two companies to bring you the premier Corporate Property Development group in Northeast Ohio: the talents of John Dellagnese and Associates ... |
| www.dellagnese.com |
|
| John Dellagnese & Associates: offices, officespace, lease, leases ... |
| Welcome to our Tenant Login Page. * Forgot your password or haven't received one yet? Email us tinah@dellagnese.com or call 330-668-4000 and we will reply ... |
| www.dellagnese.com |
|
| The-Arts-Magazine.com - Leases-Leasing |
| Home arrow Article Links arrow Finance arrow Leases-Leasing. Main Menu ... Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. |
| www.the-arts-magazine.com |
|
| OmegaMotors.com - Your Money - Leases - Leasing Overview |
| Blue Book retail & trade-in value reports on used vehicles. Kelley features prices on used cars, trucks, street and dirt bikes, ATVs, scooters, ... |
| www.omegamotors.com |
|
| Entertainment Guide - Leases-Leasing |
| Sunday, 03 December 2006, Home arrow Article Resources arrow Finance arrow Leases-Leasing ... Mosets Tree. Leases-Leasing ... |
| www.entertainment-resource-directory.com |
|
| - Leases-Leasing |
| Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. spacer.png, 0 kB. spacer.png, 0 kB. download joomla modules download joomla ... |
| www.healthcare-resource-guide.com |
|
| FINANCEDEPARTMENT.COM- Finance, Mortgages, Leases, Leasing ... |
| Finance, Mortgages, Leases, Leasing, Brokerage Houses, Mortgage Lending. |
| www.financedepartment.com |
|
| vehicle leases leasing guide and facts |
| vehicle leases leasing guide and facts. Under the federal Consumer Leasing Act, you, the consumer, have a right to information about the costs and terms of ... |
| www.shopperfavorites.com |
|
| - Leases-Leasing |
| spacer.png, 0 kB. spacer.png, 0 kB. Home arrow Article Resources arrow Finance arrow Leases-Leasing. Mosets Tree. Leases-Leasing ... |
| www.cars-directory-guide.com |
|
|