Debt Consolidation – Can You Cut It?
Posted by admin at 10:32 AM. Filed under: credit card debt, debt consolidation, debt help, debt-free living, remortgage
Debt consolidation is supposed to help you get free of debt. By combining a lot of smaller debts into one big loan you can pay the debt off with lower repayments. So how come a lot of people have the same debt load two years later?
Answer is, they treated the symptom, not the cause. Debt consolidation only works if you address the underlying problem, which is that you spend more than you earn. Once you’ve consolidated debt, it can be very difficult to do it again.
The way it’s supposed to work is that a loan pays off your debts, you sweep away all your past mistakes and extravagances, get a grip on your finances and vow to live within your means. This way you never againt have to face the consequences of any more mistakes and extravagances.
But maybe you had just cause for spending too much. Medical bills are the largest cause of bankruptcy in America. If you got sick or had a major accident you’ve got big bills to pay and this can devastate your finances. If this is you, face up to your debt situation before it gets out of control. Your hospital probably has someone on staff to help people in your situation. Find the person with a sympathetic ear and use them. It’s better to ask for help than to prevaricate and suffer alone.
Your aim should be to keep current with all your non-medical bills, but to work out a way of paying your doctor over a longer period of time. If your medical care providers know that they’ll get their money in the end, there is usually a payment plan that you can use. Remember to keep up to date with your household bills: you’ve got to pay your energy bills but the doctors can wait. They can afford it.
Or maybe the reason you’re still in debt is that you still have to pay your student loans but you’re not yet earning enough to live. If you’re young enough to be in this situation but old enough to have graduated, then the answer’s simple. Get a better job, or get a second job, or both. This sounds tough and it is, but life is tough. If you’ll learn how to be in control of your money at an early age, you’ll be learning how to be one of life’s winners.
For those who are in debt but not sick or young, the simple truth still remains. You’re spending more than you earn.
Here’s a way you can help yourself. Get out your wallet, take out the dollar bills and the credit cards and spread them out on the table. See those credit cards? You probably think of them as infinite plastic. You use them over and over to buy what you want. Until they actually are maxed out, they seem infinite. They will always gratify your spending impulses. That is, if you will let them.
See those dollar bills? They can buy the exact same things as the plastic, but when you’ve handed them over, they’ve gone. If you want more of those bills, you’ve got to earn them. Now get the truth into your head that you can only spend up to the value of those dollar bills. Not one cent more. If you can discipline yourself into this frame of mind, you’ll begin to see that you can repay your debt.
And here’s another thing. You can cut up your plastic even while there’s still money to pay on them. Think about it: destroy the cards but keep up your repayments and one by one those debts will disappear.
If you can think of debt consolidation as a last resort, if you can tackle the causes of your debt (not the symptoms) and if you can promise yourself to start afresh, you can be debt-free.
July 21st, 2010 at 8:12 am
Buy:Viagra.Cialis Super Active+.VPXL.Cialis.Super Active ED Pack.Viagra Super Force.Viagra Professional.Propecia.Viagra Super Active+.Tramadol.Cialis Soft Tabs.Viagra Soft Tabs.Maxaman.Cialis Professional.Soma.Levitra.Zithromax….
July 21st, 2010 at 7:45 pm
Buy:Propecia.Levitra.Cialis Super Active+.Maxaman.Viagra Super Active+.VPXL.Super Active ED Pack.Viagra Soft Tabs.Viagra Super Force.Cialis Soft Tabs.Viagra Professional.Cialis Professional.Soma.Viagra.Tramadol.Cialis.Zithromax….
September 5th, 2010 at 11:12 am
Buy:Zovirax.Actos.Retin-A.Prevacid.Arimidex.Zyban.Synthroid.Valtrex.100% Pure Okinawan Coral Calcium.Accutane.Prednisolone.Nexium.Mega Hoodia.Human Growth Hormone.Petcam (Metacam) Oral Suspension.Lumigan….
September 6th, 2010 at 7:31 am
Buy:Viagra.Maxaman.VPXL.Viagra Super Force.Viagra Professional.Cialis Soft Tabs.Propecia.Soma.Viagra Soft Tabs.Levitra.Tramadol.Viagra Super Active+.Cialis Super Active+.Super Active ED Pack.Zithromax.Cialis Professional.Cialis….
September 7th, 2010 at 2:22 am
Buy:Seroquel.Zocor.Nymphomax.Cozaar.Buspar.Acomplia.Female Cialis.Ventolin.Aricept.Wellbutrin SR.Lasix.Amoxicillin.Advair.Lipitor.Prozac.Zetia.Female Pink Viagra.Lipothin.Benicar.SleepWell….
November 11th, 2010 at 12:13 am
…
BUY FASHION. TOP BRANDS: GUCCI, DOLCE&GABBANA, BURBERRY, DIESEL, ICEBERG, ROBERTO CAVALLI, EMPORIO ARMANI, VERSACE…
December 22nd, 2010 at 12:05 pm
symbicort vs advair…
Buyno prescription…
December 23rd, 2010 at 3:11 am
cephalexin dosage for dogs…
Buygeneric drugs…
December 23rd, 2010 at 5:30 pm
Cialis UK…
Buynow it…
December 25th, 2010 at 3:34 pm
rxlist@abilify.now” rel=”nofollow”>..…
Buydrugs without prescription…
December 27th, 2010 at 8:57 pm
actonel@adverse.reactions” rel=”nofollow”>……
Buygeneric meds…
December 29th, 2010 at 5:51 am
aggrenox@1.now” rel=”nofollow”>.…
Buygeneric meds…
December 30th, 2010 at 10:48 am
allopurinol@and.coumadin” rel=”nofollow”>……
Buygeneric drugs…
December 31st, 2010 at 10:31 am
ashwagandha@supplement.now” rel=”nofollow”>……
Buygeneric meds…
December 31st, 2010 at 5:23 pm
atarax@and.hives” rel=”nofollow”>.…
Buygeneric drugs…
January 2nd, 2011 at 7:48 pm
Chantix@official.site” rel=”nofollow”>.…
Buydrugs without prescription…
January 2nd, 2011 at 10:39 pm
cipro@250.mg” rel=”nofollow”>..…
Buygeneric meds…
January 3rd, 2011 at 9:18 pm
Abana@official.site” rel=”nofollow”>.…
Buynow it…
January 5th, 2011 at 4:33 am
buy@Viagra.now” rel=”nofollow”>……
Buygeneric pills…
January 7th, 2011 at 4:59 pm
Risperdal@official.site” rel=”nofollow”>..…
Buynow it…
January 21st, 2011 at 9:16 am
Depakote@official.site” rel=”nofollow”>……
Buyit now…
February 3rd, 2011 at 8:08 pm
Verapamil…
Buygeneric drugs…
February 4th, 2011 at 12:26 am
side effects zyprexa overdose breathing autonomic…
Buyno prescription…
February 5th, 2011 at 4:18 am
zofran odt…
Buynow it…
February 5th, 2011 at 9:26 pm
zyrtec in dialysis patients…
Buywithout prescription…
February 6th, 2011 at 9:41 am
alternative for warfarin medication…
Buynow…
February 7th, 2011 at 4:22 am
xopenex coupon…
Buyno prescription…
February 7th, 2011 at 6:36 am
zyprexa increase eps complaints…
Buyno prescription…
March 3rd, 2011 at 6:26 am
buy liposomal lidocaine 4% cream maxilene…
Buywithout prescription…
March 3rd, 2011 at 7:12 am
Zoloft…
Buyit now…
March 3rd, 2011 at 10:12 am
Lean Tea…
Buygeneric meds…
March 3rd, 2011 at 5:54 pm
zyrtec anticolinergici effect…
Buyno prescription…
March 4th, 2011 at 1:59 am
zoloft works…
Buygeneric pills…
March 4th, 2011 at 6:27 am
Vitamin E…
Buygeneric drugs…
March 4th, 2011 at 8:58 am
gilbert’s syndrome tylenol…
Buygeneric meds…
March 5th, 2011 at 8:40 am
side effect of zoloft…
Buyno prescription…
March 5th, 2011 at 1:57 pm
yavneh purim shpiel facebook…
Buynow…
March 6th, 2011 at 4:34 am
Rogaine…
Buyno prescription…
March 6th, 2011 at 2:14 pm
claritin eye drops…
Buygeneric drugs…
March 7th, 2011 at 10:48 am
Omeprazole…
Buygeneric pills…
March 8th, 2011 at 9:53 am
Seroquel…
Buywithout prescription…
March 8th, 2011 at 4:34 pm
Pyridium…
Buydrugs without prescription…
March 8th, 2011 at 7:12 pm
Pyrantel Pamoate…
Buygeneric meds…
March 9th, 2011 at 7:43 am
Synthroid…
Buywithout prescription…
March 9th, 2011 at 8:41 am
Prozac…
Buygeneric meds…
March 9th, 2011 at 10:46 pm
buy orlistat alli…
Buygeneric drugs…
March 10th, 2011 at 1:31 am
Zyprexa…
Buyno prescription…
March 10th, 2011 at 3:09 pm
Provera…
Buynow it…
March 11th, 2011 at 3:40 pm
Reglan…
Buywithout prescription…
April 5th, 2011 at 3:06 am
.…
Buygeneric drugs…
April 5th, 2011 at 9:56 am
methotrexate@and.placenta.acretia” rel=”nofollow”>.…
Buygeneric drugs…
April 5th, 2011 at 12:56 pm
arava@institute.for.enviornmental.studies.dr.elaine.solowey” rel=”nofollow”>..…
Buynow…
April 5th, 2011 at 4:13 pm
best@ay.to.take.extenze” rel=”nofollow”>……
Buyit now…
April 6th, 2011 at 1:17 am
femara@and.hives” rel=”nofollow”>..…
Buyno prescription…
April 6th, 2011 at 7:14 pm
livingston@foot.care.bellmore” rel=”nofollow”>.…
Buyit now…
April 7th, 2011 at 6:09 am
wholesale@ginseng.root” rel=”nofollow”>……
Buyno prescription…
May 25th, 2011 at 8:20 am
hello…
good features fast tempos in addition to happy melodies http://www.labicdd.com for you….