debts / 2 posts found
Collateral Haircut- Understanding the Collapse of What We Think are Assets
A collateral haircut is a financial term encompassing one thing: Devaluing Of An Asset. Oh this is not the official definition by far. However it will do just fine depicting what we will see happen to liabilities that we have been led to believe are assets. You see we call things like savings, our homes, 401k’s, and pensions assets. But truly they are really liabilities. Why, because simply the banks label them as liabilities. For us truly to understand the world in any form of meaning we have to understand the thinking of Bankers, Central Bankers in particular. For nothing […]
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.