How to debt recovery and the pitfall of the establishment

How to debt recovery and the pitfall of the establishment

The majority of people have debts to a certain extent and the main culprit seems to be themselves too much, along with the inability to repay. With the many debtors, there is a feeling that they have and must have everything to offer, whether or not they are financially unreachable. Large sums of money that end up on their way are absorbed quickly and shrink from things they can easily do without.

It is a difficult lesson to learn, but one that must be taught in primary school. Guilt is self-inflicted misery that can lead to social withdrawal, depression and even suicide. This is the trap that was designed to cause these emotional problems and that was set up by the establishment.

Money is the invention of man and it was implemented by the Romans for the purpose of creating wealth. Their main source of income was the poor people of their conquests. Although this is understandable for many, debtors must take their circumstances into account.

What is the cause of the debt? It is first and foremost the result of reaching far and believing that one can have everything that the rich acquire. It is a status scenario and it leads to poverty.

Those who are most likely to fall into the trap are those who can least afford it. They are generally mentally retarded, vulnerable and proud. That description fits the social climbers, those who have trouble keeping up with their neighbors, and the oppressed who seek acceptance. It also applies to those whose circumstances change suddenly and the finances disappear.

In the latter case, women and children fall victim to the breakup of a marriage or an unexpected pregnancy, homelessness, and so on. Because they are more dependent on a partner or parents, they are often unable to find help if needed.

This is why guilt-driven deprivation and recovery must be taught in schools. Children trained in the pitfalls of reckless behavior can escape the pain that follows.

The establishment is also religiously driven and complications that arise from beliefs that are systemic within a community can have a major impact on a person's emotional problems. Many will try to achieve something that they cannot achieve with catastrophic results.

Although faith is about so-called morality and offering a way to a better life after death, it is in fact encouraging many people to undergo a living hell. My reincarnation and knowledge that we pass from life to life (Job 5: 19-21) proves how far reality and the establishment of the World Order both dominate the economy.

Debt is about borrowing money when circumstances force us. It is the trap designed to make the less fortunate into slaves, while the rich gather in the harvest of their work. If people did not want a better life or were happier who and what they are, the pain experienced by debtors would be avoided. They would also get them out of the fall.

Know about Freedom Debt Relief Reviews

Know about Freedom Debt Relief Reviews

Anyone who has already made debts or is currently making debts would like to know all the options in terms of how to pay it off or how to pay it off with fewer monthly installments for that matter.

Freedom Debt Relief reviews are important to separate the hype from the real deal. According to the ad on TV, you can reduce your debt by half by making only one payment per month. The company states that it can help you get rid of your debts in two to four years without applying for bankruptcy or getting credit advice. On the contrary, the company claims to negotiate with your creditor to reduce your amount owed.

According to some Freedom Debt Relief assessments, some of you who signed you declared bankrupt, while others even experienced an increase in debt. Some assessments indicated that the company did not even come into contact with the creditors to negotiate lower debts.

Many consumers discovered that the Freedom Debt Relief Company had sent each account to collection agencies. For example, many customers have never overcome their debts, even with years of service and administration costs paid to the company. To top it off, it appears that Freedom Debt Relief did not even work with a business license in the state of California.

It comes down to

Freedom Debt Relief assessments indicate that one consumer after another feels duped and at least disappointed with the way Freedom Debt Relief spread false advertisements, did not do what they claimed to do and even practiced in the state of California with no business license. It has lost all credibility and continues to charge administration costs to people who are already deeply in debt and looking for a way out. What should consumers do?

Based on the Freedom Debt Relief assessments, the first thing consumers should do is cancel their support for Freedom Debt Relief and then talk to creditors themselves to see if reduced payments are allowed. Negotiate a main reduction with a company that helps reduce debt. The way to know whether or not a company will help reduce debt is to read various reviews and check with the Better Business Bureau if they work effectively and receive good reviews from consumer reports.

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Awesome Tips for effectively paying off your debts

Awesome Tips for effectively paying off your debts

Outstanding debts can cause serious dents even with the best pension plans that have been carefully made in recent years. Entering into debt is seemingly inevitable in modern times, due to both higher costs of living and consumerism.

With each passing year, more and more Singaporeans are diving into the debt pool as they struggle to cover their daily expenses and make ends meet. From December 2016, the average Singaporean household has an estimated $ 55,000 in debt, an increase of 3% compared to 2015. 75% of these household debts stem from unpaid mortgage loans. Some of these unpaid debts can even force retirees to spend their assets to cover their debts instead of passing it on to their beneficiaries.

However, there are several ways to effectively settle outstanding debts to ensure that it does not put any pressure on one of those best retirement plans that you have come up with.

1. Prepare and keep a budget

Creating a good budget is a great way to analyze and plan finances. By allocating a fixed amount to a specific expenditure per month, the amount of the expenditure can be more strictly monitored and precautions can be taken quickly if the expenditure exceeds the established budget. Only through proper budgeting can individuals or households create the necessary surpluses to pay off existing debts.

Certain financial resources, such as Excel spreadsheets or even Mint.com, are particularly useful for keeping a personal or household budget.

The biggest problem for a person who does not keep track of his / her monthly expenses is that he / she does not know if he / she ends the month with a net reduction in savings, i.e. the expenses exceed the income and food to save. Knowing the amount of remaining balance is crucial, because a continuous negative balance can lead to the creation of new debts. It is this type of debt that is most dangerous because it is turned over month after month at apparently manageable interest rates. Before the person knows, he / she would only have made substantial payments.

So tracking tools are crucial in identifying weaknesses in a person's monthly spending pattern, but an individual must take positive action to reverse the negative balance situation. This can be done by listing the monthly expenses and using the necessary cuts on certain expenses. Discipline is the key.

2. Loading debts per interest rate

Debt loading is another technique used to settle outstanding debts. It is about enumerating all current debts by interest rate, starting from the highest interest rate to the lowest interest rate. The debt with the highest interest costs the most money, so this debt must first be settled.

By first paying off the most expensive debt, the total debt will be reduced considerably faster. Some individuals who incur multiple debts per month and use ladders in their finances usually settle the minimum payment required for each debt, and use the cash balance of their payments to settle more of the debt with the highest interest.

For example, let's compare two debt instruments: one, a credit card with an outstanding balance of $ 4,000 with an interest rate of 24% and another, a credit line with an outstanding balance of $ 8,000 with an interest rate of 16%. Ideally, the minimum monthly payment needed to settle each debt should first be made, and any remaining finances would be used to repay more of the credit card debt, even though the amount due may be lower.

Laddering is particularly useful when tackling multiple debts and prevents accidental creation of a new debt. Laddering also creates a sense of financial discipline that is good at resolving unresolved debts and preventing those debts from causing too much damage to those retirement plans that you have in mind.

3. Balance transfers

Balance transfers is another tool used to lower interest costs while at the same time attempting to pay off a debt over several months.

Given the competitive nature of the unsecured credit market, for example, banks often offer very low rates for customers who transfer their existing unsecured debt from other banks. The effective interest rates can go up to 4% p.a. versus the normal 24% p.a. people pay on credit card balances. However, the catch is that such promotional rates are only valid for a certain period, for example 6 months. Balance transfers can nevertheless reduce the interest costs of an existing debt.

Balance transfers carry their own risks. Individuals transferring balances should not forget to settle the debt after the transfer or look for another option before the lower interest on the account to which the balance is transferred expires, otherwise he / she risks an even higher interest. Pay.

Individuals who use the balance transfers cannot also address the ongoing accumulation of debts, thereby eliminating any benefit from such a strategy. Ultimately, despite this cost-saving strategy, private individuals are even more likely to have debts that affect their savings, not to mention future pension plans.

4. Contacting consumer credit advisory services

If a person has huge problems with settling his debts or even with the minimum monthly payments, he should consider engaging a consumer credit advisory service. In Singapore, this service is aptly referred to as Credit Counseling Singapore ("CCS") and offers solution-based credit counseling for those affected by financial debts.

The CCS's debt management services cost just $ 130 and debt-laden couples with a credit advisor. The credit adviser will assess the indebtedness of an individual's situation and help him / her by making a financial estimate of the debts owed, identifying available resources that can be used to cover the debts, and even planning a monthly budget covering all the costs of includes living expenses. Solutions to tackle the debt problem and monthly negative balances are distributed to alleviate the debt burden.

If someone is concerned about how his / her debt would affect his / her retirement plans, contact with the CCS would be the right way. If the old debt has already been taken into account in the pension plan, a proper financial restructuring can reduce the interest and repayments to be paid.

Even the best retirement plans can be compromised with unpaid debts. By adopting better financial habits, such as drawing up a budget, transferring debts and transferring balances, an uncertain debt situation may be easier to handle. If a debt problem persists, the CCS can be called in to come up with a solution to avert outstanding debts. Financial advisers can also be consulted to better streamline finances and handle monthly expenses, thus ensuring a safer and better pension in the future.

Financial Alliance is an independent financial consultancy firm that provides its clients with sound and objective financial advice to protect and grow their wealth. Financial Alliance is a trusted brand in Singapore and has been providing the financial future of its customers for 15 years. For more information about Financial Alliance, click on the link: http://www.fa.com.sg/