Tag: Debt settlement

Oh, I’ll find a way… Seriously??

Today I will share a dialogue and I want you to really “listen” and think:

CLIENT: Hey, I just bought a brand new car!!! Am so excited!!

ME: What? How? Can you even afford it?

CLIENT: Well, I am in debt anyway. I will find a way to make the monthly car payments. Don’t be so uptight.

ME: OK, How much credit card debt do you have?

CLIENT: Oh, not much only about $55,000. Others have hundreds of thousands

I will not share the rest of the conversation.

My thoughts on all this, which by the way made me livid: This client makes about $4,500 per month. She has a mortgage payment of $1,800, utilities of about $800, credit card payments $900, groceries, gas etc $1,100 on average. Where will the car payment come from? Where is money to put aside for an emergency fund?

I am flabbergasted. Seriously? No thought about security whatsoever? Big mistake! Everyone in debt seems to think about today and not about the future. We are human, we can get ill, have an accident, need some cash for an emergency.

What is wrong with having a car for 10 years while you are in debt? What is wrong with being more responsible?
Please people! Create a budget and if you don’t know how to do this, contact me. This is ridiculous. This client of mine is 65 years old, has nothing to fall on, no savings, no retirement plan, still works to make ends meet.

I am more upset about this than she is, and all I hear are excuses.

I insist that our education system absolutely MUST include financial 101 as a basic part of their curriculum. We are becoming a nation of people in debt. And nobody is to blame but our choices, our decisions and our aloofness.

I went into debt because I had no choice and needed my small business to stay afloat. Never again! Never! I am debt free now and intend on remaining so. Now that my debt payments are over, I put 75% of this amount that I used to pay monthly, in an emergency fund. I already have 5 thousand. This feeling of security is priceless.

I can’t stop shouting this. I will never stop writing and hoping that my advice does not fall on deaf ears.

It is totally up to YOU. Take charge of your finances! NOW

Debt Relief Services: Part 3

You just made your last payment and are finally debt free. Good for you. Pat your back, and feel proud.

Now what? Do you have a plan for your future? Have you actually learned anything from this struggle? If yes you are on the right path to financial freedom.

If not, which is what I am talking about today, you’re in the same train and will be back asking for debt relief help within 6 months.
What is it that makes people get right back in debt? I have witnessed with my own eyes and ears, people saying: Now we can finally start going shopping again.

This makes me want to scream. Shopping for what???? Do you realize what you have just been through in order to get out of debt? Have put aside an emergency fund that you DO NOT touch?

If not, you are in trouble. DO NOT I repeat DO NOT own more than one credit card. Yes just one. This way you will not get into trouble. I watch shopping channels to see what it is that makes people fly off the handles in shopping sprees.

They know exactly what they are doing. Amazing how they play with your brain, your thoughts, they have you salivating with good evening. BUT not everything they say is true. I happened to watch one episode with “exclusive” Steve Madden shoes that I happened to have in my closet and bought at Macy’s. The exclusive price they offered was 25% higher than the price I paid at Macy’s. I wrote to them, asked them, even posted on their Facebook page. NEVER received an answer.

Please start thinking for yourselves. Stop being impulsive, stop living in the I need mentality, when you actually have more than everything you NEED.

What you want is a whole other story. So, I have a test for you. When you really get the shopping itch, stop and think what it is you think you will buy, go straight to your closet, and throw out 3 items. Any 3 items. It hurts doesn’t it? Well, every time you want to splurge for now reason, throw away 3 items and bring back only 1. Teach yourself restrain, teach yourself to have fun within limits, to plan ahead, to have a cushion to fall on in case of an emergency.

Learn to create a budget, to start each month with a few dollars left from the month before. It can be done and I am here to help, to talk, to give you tips, to show you ways to work things out.

You managed to pay off your DEBT!!!!

DON’T Fall in the same trap again!



Debt Relief Services: Part 1

This post has been long overdue. Having been in your shoes with huge debt and being FINALLY debt free, I want to share the entire process to help millions of you in the same situation.

I will break this into 3 parts, because I want to cover every aspect. I have written quite a few pieces about debt. Now it’s time to write the about the way you can control, get educated and put the last nail on the debt coffin!

Today, I will talk about the Internet, the myriad of companies that offer debt relief services and the one Company that actually helped me get rid of my Debt. I am honored to introduce CareOne Debt Relief Services!

In 2008 I was obliged to close one of my businesses because of the economy’s collapse and was stuck with $40,000 in debt. As many small business owners, being low in cash, I was charging everything on my credit cards. BIG MISTAKE, we all know it, but when you have no other option it’s the only way to stay afloat, or so we think.

When banks refuse to help you despite what they say, when you are trying hard to keep your business running, you wake up one morning and realize that the well is dry, that you cannot afford to pay your bills, or anything else for that matter.

When this happened to me, I decided to fight back and after a long and tedious search I found CareOne Debt Relief Services. I placed a call and was surprised to find a very savvy and polite human being at the other end of the line, who took the time to explain what the company offers, who gave me such relief and hope, that I signed up.

Here’s how it works: You add up all your credit card debt, they send letters to your creditors and strike a deal for you, which will save you thousands of dollars in interest.
In the beginning you have to keep making the minimum payments to all your cards, but as soon as the Credit Card companies accept the proposals, you are good to go.

The providers of CareOne Debt Relief Services provide multiple solutions for paying off unsecured debt.
You agree on a fixed monthly payment, you stop using those credit cards and you are in control of your Debt.

Their website, offers unparalleled support, expert advice and resources through their CareOne Community. http://Community.CareOneCredit.com/

To sign up and take the first step toward financial freedom, visit: http://www.CareOneCredit.com

The second part of this series, will be about questions I’ve come across, and my honest answers.

I wish you all the best in your effort to become Debt Free, once and for all!

4 Ways to Conquer the Debt Beast!

Debt, debt, debt! It seems like this word has become our nemesis and we are all looking the other way to make it disappear. I was right there, until I got really mad at myself for feeling defeated.

Debt can feel so big and overwhelming that it almost feels like it is a living breathing creature, a beast. I decided to use the idea of debt as a beast as a tool to help me fight.

“Hey Debt! Can you hear me?? Are you playing David and Goliath with me? Do you know who won in the end? I will beat you!”

You may be laughing at my childish outburst, but this really gave me the power to start my war to conquer this beast. Here are the four keys to my success in fighting the debt beast, maybe they will work for you….

1. The first thing I did, was sit and write down what I spend and why. Then, I started deleting all the “extra stuff” like new shoes, clothes, music, restaurants and did not stop until I was satisfied from the outcome of the first battle. NOTHING is more important in life than ourselves. No clothes, no jewelry, no restaurant. NOTHING.

2. The next step was to ask for help. Me, ask for help? Well, yes I did and it feels wonderful, because the feeling of receiving actual help is lifting a ton of weight from our shoulders. You have to look at this in a very cool fashion. It isn’t personal; it’s just part of life. Be honest with yourself, and you’ll see that nothing can hold you back once you get in the mindset to live a debt free life.

3. Be happy and live within your means. It feels so good to look the debt beast in the eye every month and say: “Ah I just cut another limb from your ugly body!” This mental game made me feel so empowered, so happy every month that I could sleep at night knowing that I was doing the right thing.

4. Another tip is that you can pay a little extra when you have it, and you will be out of debt in no time. But be careful. Do not pay more when you don’t have enough money left to pay for food, rent/mortgage, or utilities. Paying off debt and being responsible for your day-to-day bills is the key to final and absolute success. I usually pay a little more here and there during the Holidays. I see this as a small gift of freedom to myself, instead of hitting the Malls and buying gifts. A little radical some may say, but it works for me.

So, let’s go and face the battle together! We can slay the debt beast, and live FREE at last!