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Digg it UP - Help for the Single Mother with Managing Credit and Debt
Debt consolidation loans can be the answer to a number of financial problems, but before you take the plunge, make sure you're well informed.What is a debt consolidation loan?Debt consolidation is when you arrange a single loan to cover a number of existing debts. Rather than juggling several expensive payments, such as credit card or hire purchase bills, a debt consolidation loan means a single manageable monthly payment. You’ll also benefit form lower monthly interest payments; compare an average secured debt consolidation loan of 12.4% APR to a credit card company charging 19.9% APR.Besides lower interest rates/ payments; you also benefit from knowing that a consolidation loan runs for a fixed term, and that every repayment you make goes towards clearing the loan. Without consolidation you may find that minimum monthly payments simply service the
Emergencies
Crises and emergency situations do occur, and sometimes people are unable to afford such things such as emergency auto repairs or medical expenses because their credit cards are maxed out or the majority of their earnings are put towards debt repayments. It's always important to keep an o
I grew up in a really great little town by the name of Dallas, GA, a rural community 32 miles northwest of Atlanta. I grew up in the 1940s and 50s in economic times that were far less robust than they are today. Many of the folks who lived in what we called the "out in the country" were farmers who had to work 12 to 14 hours a day to barely scratch out a living. In those days, many farmers didn't own a car or truck, so it was not unusual for them to ride into Dallas on a farm tractor or in a wagon hitched to a workhorse to pick up provisions for the coming week.To give you more of an idea of what economic conditions were like back then, the minimum wage was well under $1 per hour. A worker would toil an eight-to-ten-hour day in the local cotton mill for $40 to $50 a week. Yet in my hometown, in communities "out in the country" and in other communities around the country
If you answer yes to more than one of the following listed below you might want to consider getting help with finances.
Over the Limit Credit Card Spending
If all of your credit card balances are greater than 80 percent of your credit limits, you should consider this a bright red danger signal to debt.
Too Many Cards/Too Much Debt
If you stop using your credit cards and still can’t pay off your combined credit card debt within one year, you should consider this a serious issue.
Out of Money
Many people are starting to use credit for small purchases such as food and gas. If you previously paid cash for these items or other small items, but are now using credit, not debit or cash, it could be a sign that there is a problem.
High Debt-to-Income Ratio
Your debt-to-income ratio measures the amount of debt you have against the amount of income you are making. You can calculate this ratio by dividing your total monthly debt payment (excluding mortgage/rent) by your total monthly gross income (before taxes). If your debt-to-income ratio is close to or over 20 percent, this is a sign that you may have a debt problem.
Emergencies
Crises and emergency situations do occur, and sometimes people are unable to afford such things such as emergency auto repairs or medical expenses because their credit cards are maxed out or the majority of their earnings are put towards debt repayments. It's always important to keep an op
Who do you think is better at selling your product or service, you or your satisfied customer?If you are trying to close a $10,000 deal, would it help if the potential customer could talk to a satisfied customer?It's obvious, your satisfied customers are your best sales people, and they will outsell you by 100 times. You can say how good you are, until you are blue in the face, but a 2 minute conversation between a potential customer and a satisfied customer will close the deal very quickly.Now you can't send a satisfied customer with every sales piece, so their testimonials are the only proof you've got.When you say how good you are, you're blowing your own trumpet, you're bragging, but when someone else says the same thing, it's proof, it has clout.So if this is true, why do I see quotations, proposals and sales material being distributed w
If you answer yes to more than one of the following listed below you might want to consider getting help with finances.
Over the Limit Credit Card Spending
If all of your credit card balances are greater than 80 percent of your credit limits, you should consider this a bright red danger signal to debt.
Too Many Cards/Too Much Debt
If you stop using your credit cards and still can’t pay off your combined credit card debt within one year, you should consider this a serious issue.
Out of Money
Many people are starting to use credit for small purchases such as food and gas. If you previously paid cash for these items or other small items, but are now using credit, not debit or cash, it could be a sign that there is a problem.
High Debt-to-Income Ratio
Your debt-to-income ratio measures the amount of debt you have against the amount of income you are making. You can calculate this ratio by dividing your total monthly debt payment (excluding mortgage/rent) by your total monthly gross income (before taxes). If your debt-to-income ratio is close to or over 20 percent, this is a sign that you may have a debt problem.
Emergencies
Crises and emergency situations do occur, and sometimes people are unable to afford such things such as emergency auto repairs or medical expenses because their credit cards are maxed out or the majority of their earnings are put towards debt repayments. It's always important to keep an o
If you're new to eBay, it's very easy to get carried away bidding for items. You may even, in the excitement of the auction get carried away and pay over the value of the item, or more than what you wanted to. There are a few bidding techniques that exist on eBay when your out to win that all important auction.Early BiddingBy bidding early on in the auction within the first few days, this shows your a serious bidder & gives you time to work around any restrictions the seller has put on their auction. Occasionally, auctions are pre-approved to restricted bidders only, in which case you have to contact the seller and obtain permission to bid. Bidding early ensures you don't forget about the auction & if you enter your maximum bid in the first instance you can forget about the auction until it ends. On the downside bidding early on an item, unfortun
Too Many Cards/Too Much Debt
If you stop using your credit cards and still can’t pay off your combined credit card debt within one year, you should consider this a serious issue.
Out of Money
Many people are starting to use credit for small purchases such as food and gas. If you previously paid cash for these items or other small items, but are now using credit, not debit or cash, it could be a sign that there is a problem.
High Debt-to-Income Ratio
Your debt-to-income ratio measures the amount of debt you have against the amount of income you are making. You can calculate this ratio by dividing your total monthly debt payment (excluding mortgage/rent) by your total monthly gross income (before taxes). If your debt-to-income ratio is close to or over 20 percent, this is a sign that you may have a debt problem.
Emergencies
Crises and emergency situations do occur, and sometimes people are unable to afford such things such as emergency auto repairs or medical expenses because their credit cards are maxed out or the majority of their earnings are put towards debt repayments. It's always important to keep an o
An interviewer’s mission is to assess your qualifications compared to the other candidates interviewed. Asking you questions is their way of accomplishing that mission. Preparing meaningful responses in advance is your way of impressing the interviewer.Be prepared to talk about your skills, competencies, qualifications and accomplishments especially as they pertain to the specific opening. Know how to state your likes and dislikes, your strengths, weaknesses and goals succinctly and fluently.Especially know how to convey the value you bring to the table – the strengths, unique gifts and marketable assets that are distinctly yours. If you want to stand out in the huge ocean of candidates that represents your competition, you must be prepared to state how you differentiate yourself from the crowd.You must be able to respond appropriately to the question
High Debt-to-Income Ratio
Your debt-to-income ratio measures the amount of debt you have against the amount of income you are making. You can calculate this ratio by dividing your total monthly debt payment (excluding mortgage/rent) by your total monthly gross income (before taxes). If your debt-to-income ratio is close to or over 20 percent, this is a sign that you may have a debt problem.
Emergencies
Crises and emergency situations do occur, and sometimes people are unable to afford such things such as emergency auto repairs or medical expenses because their credit cards are maxed out or the majority of their earnings are put towards debt repayments. It's always important to keep an o
That’s not you? Great! Bad habits are hard to break once the addiction gets hold of us. Been there. Gave up “smokes” long years ago but it took lots of willpower to kick the habit.FIRST THING IN THE MORNINGShould the question be asked? Is this YOUR best time of day or is ''night' your choice? Everyone has a different clock. Some of us like to sleep longer. Stay up later.Does it matter? You do whatever has to be done. Adjustments have to be made according to our work schedule. Kids going to school. Some of the little ones stay at home or go to day care. College students go to class. Some early. Others later.Here’s the KEY STAY CALM, COOL, AND COLLECTEDBegin your day with the right attitude. Think positive. Fill your mind with good thoughts. Put up reminders of good things all around you. Look in the mirror and thank God for
Emergencies
Crises and emergency situations do occur, and sometimes people are unable to afford such things such as emergency auto repairs or medical expenses because their credit cards are maxed out or the majority of their earnings are put towards debt repayments. It's always important to keep an open line of credit available for such situations or even better, having an emergency savings.
Minimum Payments
What many people don't realize about revolving credit card bills is that making only the minimum payment can take 12 to 15 years to repay. You are not applying any significant amount toward the principal if you are only making minimum payments concluding that you may be overextended and in need of putting together a spending plan.
Using Your Credit to Make Payments on Other Cards
Taking cash advances to pay bills is not a solution for paying off debts. If you are paying one credit card with another you are actually creating more debt. You will also be faced with any cash advance fees and interest from that new line of credit. Balance Transfers
Many creditors offer new credit cards with balance transfers available at low interest rates for only a limited introductory period. If you are transferring balances from one card to another, it's important to remember that after the introductory period the interest rate usually skyrockets up to 19 percent or more. As well, a growing number of credit cards are associating fees with transferring balances.
Skipping Payments
If you are late with getting payments in such as your mortgage, rent, car loan, or utility bills more than once per year and are juggling bills and skipping payments, this is a definite sign that you have a debt problem.
Borrowing Money
If you are borrowing money from family and friends and unable to pay them back while struggling to pay
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