credit cards / 10 posts found
Disenfranchised Grief- No Job For Most Of Us
It’s a daily struggle to find truth. However there are times when it comes in plain sight media form. I came across this telling article which dispels the fluff we are led to believe and points to the reality of the disenfranchised grief of having no job feels like; its title “ A decade after great recession, 1 in 3 Americans still haven’t recovered. “ And it so true. According to the article women and African Americans have taken the hardest hit. That’s not surprising and I can personally vouch for it as it has been evidence in my immediate […]
The Consumption Problem In The U.S. Economy
In this video I discuss the inherit problems with a 70 percent consumption economy. An economy based on this as a financial model will inherently produce a financial moral hazard. The problems are numerous including no savings and rewarded for financial stupidity and no financial prudence.
Debt Settlement Companies
In this video I discuss debt, in particular Debt Settlement Companies. I point out there is two things you should know about your Credit and a Debt Settlement Company Any amount that they settle for or forgive will be counted against you as earned income. There is no guarantee the creditor you are trying to settle with will take less. The last time I checked the rules that they made for the banks and Bankers don’t go to jail and bankers get bailed out. So remember these two things when you are thinking about using a Debt Settlement company.
What You Need To Ask A Debt Management Company
In this video I provide 5 questions you need to ask any debt management settlement or debt management company before choosing there program. #1 How will your program affect my credit report? #2 Will be there be any tax implications when using your program? #3 How much is your fees up front and or monthly? #4 Will your program payback 100% of the debt? #5 Who sets the guidelines for your program your company or the creditors?
What Steps To Take When You Cant Pay Your Credit Cards
In this video I provide 5 quick solutions on what steps to take when you cant pay your credit cards or loan obligations. #1 Contact the creditors and let them know your situation. #2 Find out how much you can realistically pay and be prepared to pay that amount consistently. #3 Contact a Non Profit Debt Management Agency and go through the process and see what they could do. #4 Seek Legal aid in your area. #5 Don’t be afraid to file Bankruptcy.