3 Ways To Get Out Of Crippling Debt

crippling debt

No one ever intends to get themselves in debt, but it’s so easily done. Even those with the best of intentions and who are savvy financially can find themselves in this predicament, and when you’re shackled by debt it can be an incredibly stressful time.

If you’re being chased by creditors and are receiving letters, phone calls, bailiffs visits and more here’s what you need to do.

Speak To Your Creditors

You can either speak to your creditors directly, or speak to a debt management company who will contact them on your behalf. Either way, letting them know you are in a position where you can no longer fulfill your original agreement is important. Don’t bury your head in the sand as they will continue to chase you. Inform them of your circumstances and see if you can come to an agreement for reduced payments. In some cases they may be willing to accept very small token payments for a number of months until your situation changes.

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Managing Your Money After A Life Changing Injury

life changing injury

Life can change in a moment. You might never see it coming, but you’ll never forget it happening. If disaster strikes and you’re left with a life-changing injury, things can become very difficult for you. You might not be able to work in your usual job anymore. Or maybe you’re not able to work at all. Perhaps you have a lot of need for care now that you never considered would be necessary in life?

Every story like this can be heartbreaking to hear. But when it’s happened to you, panic can set in quite quickly. Aside from the physical difficulties you might now face, there might also be financial difficulties ahead. As you begin to realize that you can’t maintain your income anymore, you know that things have to change drastically. That’s when you might start to have regrets about how you’ve managed your money in the past.

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Key Tips On How To Improve Your Credit Score Above 400

improve your credit score above 400

Introduction To Credit Scores

You have heard mentions of the so-called “credit score” when dealing with financial institutions, lenders, or investment agencies for homes and cars. They discuss you things about their services and you are enticed. But the moment they discuss about this score, those with good ones move over to the next phase and happily get out of that building with packages that they got.

But what if you are on the lower end of the line?

Reasons Why Credit Scores Reach All-Time Low

The credit score is a three-digit valuation that comes from credit reports, and are used by lenders to determine your trustworthiness as a paying client.

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How To Know If An Auto Title Loan Is Right For You

auto title loan

Are you out of cash? How bad do you need it? Good thing there are many possible ways to have some money, and that is through loans available. There are payday loans, auto title loans, mortgage and so much more. Among these, the auto title loan is the most popular. So, how will you know if it is right for you?

What is an Auto Title Loan?

An auto title loan is a type of secured loan for which uses your car as collateral. So if you fail to pay the loan on time, the lender will take your car. This is the reason why it’s easy to get this type of loan because the lenders have a fall back in case you fail to pay.

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Could Your Finances Survive A Scare?

survive a scare

Have you ever thought about how you’d cope financially if life threw you a curveball? The trouble with our existence is that it’s impossible to predict what’s around the corner.

One moment, everything can be perfect. The next, your life could be turned upside down. If you’re keen to be more diligent about your finances and you’re trying to plan ahead, here are some potential scares to be wary of.

Illness

Even if you’re healthy now, this doesn’t mean that you’ll be fighting fit for the rest of your life. Sadly, illness can creep up on us, sometimes when we least expect it. If you have a job, make sure you’re familiar with your entitlement when it comes to sick leave and take advantage of any health-related benefits.

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A Serious Or Life-Changing Injury Doesn’t Have To Impact Your Success

serious injury

The fact is that no one ever imagines that they will end up in a serious car accident, do they? However, just because you can’t imagine being in an auto accident, that does not mean it won’t happen. Imagine you are in the car on your way to or from work and you are hit by a speeding driver, causing unimaginable injuries. In a split second, your whole life has changed, and you know that nothing will ever be the same again.

The fact is that a serious or life-changing injury will not only have an impact on your health but on every part of your life, from your finances to your career. The thought that you may never be able to do your job again is a scary one. However, what it is important to realize is that a serious injury does not have to impact your ability to have a successful career, it’s just a case of realizing that you may need to take a different approach, that’s all.

Below are some tips and pieces of advice for ensuring that a serious or life-changing injury does not lead to an unsuccessful career.

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How To Protect Your Livelihood If You’ve Been Involved In An Accident

protect your livelihood

If you have been involved in an accident, not only will you have the stress of your injuries, but you may also be worried about your future financially. After all, an accident can mean loss of income for a lot of people, either because they are self-employed or their business does not provide sick pay. Some companies will only pay an individual their full wages for a set amount of time, say three months, after which this amount may be halved, and then sick pay may be stopped altogether.

With this in mind, it is important to be aware of the steps you need to take to protect your livelihood if you have been involved in an accident. So, let’s take a look.

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When Paying More For Your Health Isn’t The Right Answer

paying-more-for-your-health

Financially smart individuals are constantly dancing a fine line with their money. They’re looking at how much they’re spending now while trying to manage how much they can put away for future plans. Finding what cost-cutting opportunities, you can is the best way to guarantee yourself a more secure future. But not enough people look beyond household bills and car costs to more detailed expenses like their healthcare. This means a lot of people are spending much more than they should.

For the medicine you take

Consistently the number one cause of high healthcare costs is the reliance of most patients on prescription medicine, particularly when it comes to chronic health conditions. Paying less doesn’t mean opting out of them, obviously, but it does mean looking for ways to pay less for them. For, you should consider going generic, which have the same active ingredients and have no difference in their effects in the vast majority of cases. As with most things, buying in bulk can often result in larger savings, too. Instead of taking 30-day prescriptions, ask your doctor if they can provide 90-day prescriptions and you could end up paying less.

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Don’t Struggle In Silence With Debt and Money Issues

debt problem

To give you an idea of how many people are in debt, a country such as the UK has 9 million people in serious debt at the moment. That’s 9 million people who are probably struggling so badly to get by. That’s 9 million people just in one country who are scared of not being able to raise their families right.

If you’re in debt at the moment, you’ll know how scarily easily it is to get into. All you have to do is make a few wrong moves, or get a bit greedy with buying one too many of an item, and before you know it you’re feeling a big weighed down with debt. But the last thing you should do is struggle in silence with it.

There’s so many ways you can get yourself out of it, and this article is here to guide you through a few of them.

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