Is There Any Way To Get Out Of Debt?Written by Joseph T Farkasdi
In this era where we are bombarded daily with commercials on television, radio, billboards, through email, not to forget flyers slipped under car's wiper blades while shopping at mall, it's no surprise that so many of us find ourselves endlessly in debt to services and products offered by others. How can we refuse, when we're baited with juicy orange carrot of '0% APR' up to a certain amount or for a specified time, or 'no money down' and 'easy installments' of just so much per month?Before we know it, we're in debt. We have credit card payments, consumer loan payments, car payments, a home mortgage, and only enough money coming in to pay minimum amounts each month. Then, we start noticing a different set of ads being directed at us from every marketing angle imaginable. Get a home equity loan and pay off your credit cards, some suggest. Start your own home business using our 'unique, proven' system, and all your financial problems will be gone before you know it. But, are these really solutions that most of us so desperately need? Far too many of us are as quickly bought by these financial rescue ads as we were bought by ads that inspired us down road to financial trouble. And, when we've tried more than one and found ourselves still dealing with monthly minimum payments or even possibly just finding ourselves deeper in debt for having tried so many systems, we end up asking ourselves what were doing wrong. Some who are financially struggling do take route of taking a loan to pay off loans already made with others, and get instant gratification of available credit all over again. Or building a home business that does generate a positive return of some sort, giving them more financial freedom to spend freely on themselves and their loved ones. But, by doing this, are we really resolving problem? And, what about those that don't have or want these options - regardless how many happy testimonials from clients are shared? Not everyone owns a home or, for ones that do, may be leery about idea of taking out a massive loan to pay off many smaller loans. Not everyone wants to start a home based business, they just want freedom that comes with not having a lot of debt every month. And, most importantly, quick fix solutions to life's financial troubles doesn't give any insight into how we got ourselves into this financial situation in first place, and how to avoid it now that we have spending capital that comes with available credit again. So, for many of us who are seeking a genuine solution to our financial woes, what is answer we're looking for? The answer may be a lot closer than we think. It first starts with developing awareness of where our paychecks are going and to whom. Yes, ol' balance sheet thing, where we keep a detailed log of our spending activities. And, where we determine by simple addition just how much we presently owe to those who have loaned us money for life pleasures and necessities. Now that we know where we actually are, we can now determine just where we want to be. But, just doing this doesn't solve problem. Rather, we've managed to illuminate it, so what do we do from here?
| | A Simple California Debt Consolidation Loan Can Save You Money Immediately, And Even Stop Foreclosure Written by Keith Hunt
Many people contact us when they are 30, 60 and 90 days in their mortgage payments. If they are this late with their house payment they are generally behind with car and have several credits cards that are maxed out. A simple debt consolidation loan would take of all these troubles. By using equity in your home all debts would be paid off and you are left with a clean slate and generally spending less money every month. For more information please go to: http://www.goldmedalmortgage5.com/california/10/California-Debt-Consolidation-Home-Mortgage-Loan.html One benefit to a debt consolidation loan that often overlooked is tax advantage. Interest on a home loan is tax deductible where interest on credit cards and cars are not. Our office received a call early one morning from a man desperate to save his home and needed foreclosure help. He was already 90 days late on his mortgage and desperately needed to refinance and pull out money to pay off enormous debts. He had just started a new job where he actually was making less money than before, and was in a real financial bind. His poor credit made it difficult for him to even qualify for a loan, let alone a low interest rate. To make matters worse, next day he received a notice of default on his property. This man was worried that his family would have no place to live. He was reassured that we would save his home and help him through this difficult ordeal.
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