only backgroundI'm a wife, mother and grandmother. I'm opinionated. I contradict myself frequently. Most of all, I love my kids. I believe in them. I fight for them. They're weird and wonderful. If you want to know more, here's a bunch of other stuff from my old site.
I always thought it was ironic that a bank would lend you more money if you already had money in an account with them. Seems the people who need money the most are those who don’t have a savings account. Those who need it least are the one who have the most money saved.
Likewise, those who need financial advice, especially about bankruptcy, have the least amount of money to pay for that advice. The problem, then, is finding free financial advice so that you don’t end up even further in debt. That’s where the internet can be the most help.
Since all my friends and family know how much I love the internet, it isn’t surprising that a friend asked me just last week about helping to find information about financial solutions. And I was happy to assist. I found a great site and after going over the bankruptcy guide with my friend, I bookmarked the site so I could look over the other information there.
My friend was really interested in the definitions of the different types of bankruptcy. I think most of us get a little confused about the difference between chapter 7 and chapter 13; I know I do! And the section titled, “Is Bankruptcy Right For Me?” was very helpful with straightforward information in a no-nonsense tone.
When I came back to the site, I immediately checked out the section on Debt Consolidation. I don’t think my debts are too terribly outrageous but I always wonder how consolidating them would help me in the long run. The really nice thing about DebtHelp.com is that they provide an interactive questionnaire that helps you determine the best solution for your financial situation. You just answer some questions, provide contact information and get recommendations on how best to proceed. I love it!
DebtHelp.com can assist you with tax payments and student loans as well. Besides the services they offer, the articles and information is excellent. If you’re like me, you like to do a little of your own research first, before you turn to a professional. DebtHelp.com lets you do just that. They even offer financial calculators to help decide if you should refinance or even to figure interest rates. If you can’t find the information you need, you can always fill out the form to ask an expert.
DebtHelp.com is really a one-stop financial help center. For those of us with no financial education this site is a real gem. I’m passing it on to as many of my friends as possible. You should, too.
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I always keep an eye out on all my credit card situation. I did have to use debt consolidation once. I’m still wondering if it was worth it, but hey, the bills are paid and the credit’s good!
We have just one credit card but we’ve also had a house, another property, a truck, two cars, all being financed at the same time. We’re down to the house and one car. Cant’ wait till those are paid off!
A bank would lend you more money if you already had money in an account with them. The reasoning is quite simple. If you have money in there and you borrow from them, then it is likely that what you are borrowing is a good debt and not bad debt. (Good debt is when you borrow for the objective of investing and earning more money). With good debt, there is a higher chance of you making the interest payment and also repaying the whole principle sum at the end of the loan period. And with some money in the bank, they can hold back the money should you failed to pay the interest or something.
Yes, the logical Me knows that. It’s the other part of Me that sees the irony in it.
OTOH, my grandparents had no money in savings. Yet, when the coal mine was forced to sell the company houses to the coal miners, one bank stepped up to the plate and offered all the miners loans. According to the bank president at the time, any man who would work as hard as those coal miners did for so little money all those years was a good gamble for his bank.
You don’t see that kind of thinking these days.
Some times to fix your finances you need to ask yourself to if Consolidating Your Debt is Your Answer to Having More Cash in Your Pocket and a Happier Life!
Consolidating your debt is one way of putting more cash in your pocket that can have an immediate benefit for you without having to earn more money. Debt Consolidation Loans are used every day by the smartest money managers in the world, be it big or small business, or individuals with PHD’s or house wives. So why would you not want to make more with what you have without having to earn more money? What is the secret? Consolidating Your Debt