Is debt doing you in?

Guess What Your not Alone

All of us at one time or another have faced the bills stacked on the kitchen table. Its so easy to see something and just cant resist buying it and then one day in the future the grim reaper loan shark knocks on the door and threatens to tumble your life down like humpty dumty did when he fell off the wall. And then the reality of your spending hits home and the sweat runs down your brow. Then fear of losing everything enters your mind and depression sets in. I have experienced this situation one time in my life and never want to go thru it again. Back then the concept of having a company take over your bills and paying them for you was just becoming common practice in this country. My first wife and I tried it for about three months and finally came to the conclusion that it’s costing us more money by having them do what we should do for ourselves. We terminated that arrangement and got serious about paying off our obligations and then staying debt free.

Read the Paper Work

Saying I do for the second time was without doubt the smartest thing I have ever done. First and foremost because we married for love and then the other benefits started showing up. One of those additional benefits was that my new bride had the wisdom of a holy person and the understanding of money and how it works best. Let me give you an example of what I’m talking about. Recently we purchased a second home and of course we financed part of the transaction. During the signing of the papers my wife found numerous mistakes by either the lawyer or the realtor in the paper work. I just sat there and just giggled to myself. And I think the other participants were amazed and perhaps slightly annoyed by her correcting their mistakes. When it comes to numbers and facts of writing she is uncanny at finding mistakes.

Seek Numerous Sources of Help

If your now experiencing what I did back then may I offer up a suggestion? Seek help from someone who knows the ins and outs of getting out of dept. And don’t take the first suggest and just run with it. Get help wherever you can find it. There are numerous not for profit organizations in the business of helping people from going belly up when debt reaches their chin and there seriously considering filing for bankruptcy or going in a closet and putting a brand new bullet in their head. Either option is unacceptable in my thinking. If you owe money to people these two choices are the last thing they want you to do. Because if you do, it’s not likely there going to get the money that you owe them. Sure they probably have an option or two to help collect what they can but if you’re in deep debt probably someone else will probably get the Pennies left and they will be left holding the bag. Because of this almost every debt holder will make concessions that will lower your obligation and make life easier for you to pay what they really will accept and be glad they got what they could. Sure your credit rating will be zero but you’ll eventually be out of debt and wont have a bullet in your head.

Talk to Your Creditors & Get Their Advise

So talk to all your creditors and tell them how things are and then just let them make suggestions to you. You’ll be amazed how much they will reduce your indebtedness to them just to clear the slate and get what they can rather then having you go belly up and they lose everything.

Don't Like Nothing

Always remember all organizations involved in loaning money would rather get something, rather then just the empty bag.

Don L. Terrill

photo by wallyg