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Http://www. Curadebt. Com/freeconsultation. Asp? Ref=affyt1 Debt
consolidation involves many financial risks if you have bad credit,
which is why people often select debt settlement to solve their
debt problems. Debt consolidation requires a credit check prior to
you obtaining a loan, while debt settlement allows you to enroll in
the program without a credit check. Debt consolidation involves you
obtaining a loan from a financial institution, typically a bank,
credit union or savings and loan association. Once you receive the
debt consolidation loan, you direct the funds toward paying off all
your high-interest debts. However, your loan lender determines your
interest rate and payment terms based on your credit history. If
you have bad credit, the lender may refuse the loan or offer it at
a significantly high interest rate, making the loan an expensive
option to eliminate debt. Instead of enduring the approval process
for a debt consolidation loan, you can enroll in a debt settlement
program to pay off...
Due to my being an investor with Public Mutual, I was offered by
Public Bank to apply for a credit card. I see some good in owning a
credit, so I decided to do so. Read here.
I guess, I have just passed another hurdle of establishing my
credit rating and one step closer to achieving financial
freedom.
However, I need to remind myself that a great deal of
responsibility comes with a credit card. That little plastic thing
has the power to destroy one’s life. Getting into mountains of debt
by way of credit card is like a cyanide pill to your journey
towards financial freedom.
RULE 1: Leave the credit card at home. Don’t put it in my
wallet. Only use it occassionally. Perhaps putting it in a
container of water and freeze it in the freezer? (A suggestion from
a personal finance book)
Having credit cards in my name is very dangerous. I’m sure a lot
of you would agree with me.
But why would I consider having a credit card in the first
place? Well, based on what I read and what I know, there are a few
reasons actually.
1. It’s a way to build up my credit rating/history. As all of us
are aware of, a good credit rating is important for a person to
secure future loans (e.g. home loan) and etc.
P.S. If one does not have any discipline whatsoever in managing
money, having a credit card can be the worst decision in his or her
life. One will be throwing oneself in a bottomless well.
Www. Nocreditcarddebtsfast. Com many people face financial
constraints today and this guide to unsecured credit card debt
consolidation can give you a way out of your debt to ease the
stress.
