Monday, July 28, 2008

How did you get yourself into that mess?

For_opportunities

My husband told me about his experience on his credit card. When he was single, he enjoyed using his credit cards just like many Americans. The problem with credit cards is that they give people the sense that they have unlimited funds.

His credit card debt ended up being over $10,000, and he didn't know what to do. Finally he consulted a friend who came over and destroyed all of his credit cards. His friend helped him to put together a financial plan that will allow him to pay off his debt and save a little bit too.
We rarely use our credit cards since they can turn out to be a nightmare. We were also dumb enough to get into an interest only loan when we bought our first house. That was a big mistake, and we think that an IO or ARM is usually a bad financial decision. Luckily our house didn’t have a huge mortgage like so many other people. The reason why so many people are in this foreclosure mess is because people were buying $300,000 homes with IO loans and then the loan would change and cause their mortgages to go from a $2000 mortgage to a $4000 mortgage. What you need when you make credit card mistakes and mortgage mistakes is Debt help. When you get debt help you usually are able to do Debt consolidation. That allows you to put all of your debt together with one low monthly payment that will allow you to eventually pay your debt off. Don’t continue to get destroyed by a financial nightmare, get help now and get some Debt relief.


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