Thursday, May 25, 2017

Bad Credit – Two Little Words One Big Problem

Bad credit. Two little words. One BIG problem. Today, with companies downsizing and the increasingly high cost of living, most Americans are one paycheck away from financial disaster. An unexpected hospital bill, or the car breaks down, and many people are scrambling to figure out how to pay the mortgage or put food on the table.

Then, begins the economic shuffle. One month the rent is paid, the next only a partial payment to keep from being evicted. The next month, the rent is caught up, but the car payment slides. The downhill spiral begins. Like an airplane, economic recovery is possible; unfortunately many people crash and burn, not knowing how to survive money troubles.

For a fortunate few, a financial crisis does not lead to bad credit. Should the car break down, unexpected medical bills threaten the budget, or innumerable other reasons for financial stress, most companies are willing to work with the consumer.

Payment plans can be arranged, until the bills are caught up. Companies generally hate resorting to bill collections, repossessions or disconnections. The process is actually an added expenditure for them. Therefore, if the customer calls and explains the situation, most businesses are more than willing to come up with a feasible plan for easing financial woes.

Similar to a pilot unable to pull up and stabilize a flight in a downward spin, if an individual fails to make payment arrangements with creditors, the end of economic freedom is near. An individual labeled by bad credit will first experience the frustration of having the utilities disconnected.

After a letter of notice, a service provider can even turn off the source of heat, as long as the city is not suffering a life-threatening freeze. In addition, reestablishing service is very costly. The consumer will likely be required to pay the previous bill in full, pay any applicable fees related to the disruption of service, and he/she will generally have to pay a generous deposit, to ensure payment in the future.

Essentially, the consumer will be out even more money, eliciting even further financial stress. Chances are, a cosigner will be necessary to guarantee payment, and the individual will have to find a good friend or family member to loan the funds necessary to satisfy the bad credit debt.

Oftentimes, if an individual is suffering an economic crisis severe enough to require cessation of services, he/she also experiences repossession proceedings. If bills go unpaid for items bought on credit, like an automobile, the lender can come collect the purchase, and try reselling the item to recover the amount owed and the subsequent costs incurred. One of the first items to be repossessed is often the family vehicle.

Without transportation, an individual has even further difficulties establishing resources to get back into financial good standing. Also, a person may be required to sell off personal property to cover the cost of a bad credit debt.

Economically speaking, the crash is bad and the financial plane is burning out of control. Not only has the car been taken away and the utilities been shut off, the stores have black balled an individual with bad credit. Yes, the person may still purchase items, but on a cash only basis. If credit cards have been used in the past, the plastic money has been cut up into little pieces. Checks are now simply a piece of paper.

With bad credit, a business cannot be sure the amount will be honored, when the check is deposited. Even out-of-town creditors will request a money order, to ensure payment. Unfortunately, getting a money order can be difficult, especially with no car. Plus, a person will have to pay for the privilege of obtaining the money order.

So the financial aircraft is burning out of control. Not having money is actually costing additional dollars, and there seems to be no light at the end of the tunnel. As a way out, many people opt to file for bankruptcy, due to bad credit.

However, bankruptcy should only be a LAST resort. The decision to file means at least seven years of bad credit. Meaning, getting loans for a vehicle, a house, or any other necessity is practically impossible, even if financial hardship is in the distant past. Also, if the economic woes continue, the one way out cannot be used a second time. Two bankruptcies at one time are not possible.

Seven years of financial hardship is a long time; so, filing bankruptcy, to alleviate bad credit, should be the final recourse. If services have been discontinued, or items been repossessed, further financials dealings will be on a cash only basis.

Therefore, before financial flying goes into an unrecoverable tailspin, contact creditors in an emergency. During times of hardships most companies are willing to work with the consumer, and help him/her pull out of financial despair, and avoid the crash of bad debt.

Erol Orderland writes about various topics including credit card debt. Learn about Bad Credit Repair, Credit card debt or Federal Loan Consolidation .

More Bad Credit Credit Card Articles


How to Refinance Your Mortgage

Today Ilyce Glink takes a closer look at how to refinance your mortgage. There are some important factors to consider when undertaking the refinancing process. For instance, is it smart to extend the term of your mortgage? And how much is reasonable to spend on the administrative costs of a refinance? For these answers and Ilyce’s four steps to a home run refinance, watch this episode of the Real Estate Minute.

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Kind Credit Counseling pictures

A couple of great credit counseling pictures i came across:

Image from page 139 of “Portraits of illustrious personages of Great Britain. Engraved from authentic photographs in the galleries of this nobility in addition to general public selections associated with the country. With biographical and historic memoirs of their resides and activities”
credit guidance
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Identifier: portraitsofillus06lodg
Title: Portraits of illustrious personages of Great Britain. Engraved from authentic pictures in galleries of the nobility and also the community collections of country. With biographical and historical memoirs of these everyday lives and actions
12 Months: 1835 (1830s)
Authors: Lodge, Edmund, 1756-1839
Publisher: London : Printed for Harding and Lepard
Contributing Library: University of California Libraries
Digitizing Sponsor: Internet Archive

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Text Appearing Before Image:
m he took to be enemies.No guy had credit adequate with him to corrupt him in point ofloyalty towards King whilst he thought himself smart sufficient toknow just what treason had been ; nevertheless brand-new doctrine and difference ofallegiance, as well as the Kings power in-and-out of Parliament,and the newest notions of ordinances, had been way too hard for him, anddid really intoxicate their comprehension, and made him quit hisown to follow along with theirs just who he thought wished and, and judgedbetter than himself. His vanity disposed him is Their Excel-lency, along with his weakness to believe that he is theGeneral into the homes as well as in the Field; and get ableto govern their particular counsels, and restrain their passions, along with tofight their battles; and therefore by this implies he should become theprotector, and never the destroyer, of this King and kingdom.With this ill-grounded self-confidence he established out into that seawhere he found with only stones and shelves, and fromwhence he could never ever find out any safe port to harbour inside. 12

Text Appearing After Image:
KiKinaiwO lif H tiniru AKIIII K I.Oin) C.MKI, rifliM TiiK tiHitwxAi. OF .IA^*sE^.J^ tiik iuij.kition wv \V: HK.IIT H(1NTIIK KAItl, okay KSSKX. L,^A^t fithU^i.-,* Ffh^iJSXt l-v nanlitut X- Lffttnt.lMUil.UI K,u^i. ARTHUR, LORD CAPEL. JL ORD Clarendon has actually attracted tlie general public personality of the admi-rable person with a knowledge so intimate, and an affection sosincere, and with these types of power and exquisite sweetness of expres-sion, that he who may be arrogant adequate to include a singletouch to therefore masterly a photo, could not but infringe on itstruth, and weaken its result. I shall therefore relate small morethan the simple conditions of their life, in addition to simple detailwill be located to furnish one of several brightest ornaments on thepage of English record. He was the sole son of Sir Henry Capel, by his first partner,Theodosia, sis to Henry Montague, Earl of Manchester. Hisfather died, having scarcely achieved the prime of life, and then he wasbred beneath the care of his grandfather, Sir Arthur Capel, ^

Note About Photos
Please note why these pictures tend to be obtained from scanned page images that’ll being digitally improved for readability – color and look among these illustrations might not completely look like the first work.

Image from web page 814 of “Baltimore and Ohio staff members magazine” (1920)
credit counseling
Image by Internet Archive Book Images
Identifier: baltimoreohioemp09balt
Title: Baltimore and Ohio staff members magazine
12 Months: 1920 (1920s)
Authors: Baltimore and Ohio Railroad Business Baltimore and Ohio Railroad Business
Subjects: Railroads — Workers — Periodicals Railroads — United States — Staff Members
Publisher: [Baltimore, Baltimore and Ohio Railroad]
Adding Library: University of Maryland, University Park
Digitizing Sponsor: LYRASIS People and Sloan Foundation

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Text Appearing Before Image:
– Fleming,Mrs. J. H. Downey, Mrs. Jessie Nuzum,Mrs. Harry Fletcher, Mrs. Frank Grimes,Mrs. Walter Wrick, and numerous otherladies, to who much credit arrives. The thanks a lot of this Association and ofthe Auxiliar> are extended to the KellyMusic Stores when it comes to usage of a victrola,and to Webbers for floral contribution. Every monthly meeting associated with Veteransand their spouses appears to deliver forth somenew ways activity. We areforging forward within our work and we also tend to be goingto acconiplish great things within the nearfuture. View united states grow. Baltimore and Ohio mag, April, 1922 jj

Text Appearing After-image:
Among Ourselves Baltimore and Ohio and Baltimoreand Ohio Annex structures Law DepartmentCorrespondent, George W. Haulenbeek The loss of Mr. Bond The loss of our General Counsel, Mr.Hugh Lennox Bond, Jr., occurring on theeleventh of April, enveloped the depart-ment in melancholy and despair. Mr.Bonds office home ended up being ever before ajar to your ofthe clerks whom wished to seek advice from him. Hewas one of the few officials with who Ihave interact who was never dis-turbed by an interruption whenever giingdictation and could resume without anyeffort during the extremely point where in fact the dictationwas delayed. A single day I became seventy, I informed Mr. BondI didn’t wnsh becoming pensioned and heresponded, Haulenbeek, providing youare in a position to sit-up you simply will not be disturbedand when you cannot sit-up, you’ll askfor pension. John K. Cowen died April 25, 1904;Judge Cross on May 2, 1906, and from now on our^Ir. Bond on April eleventh. Three grandgood men. The Death of Clinton Swearer Clinton Swearer, Secretary to H. R.Preston, gen

Note About Photos
Please be aware why these pictures tend to be obtained from scanned page photos that may were digitally improved for readability – coloration and look of these illustrations may well not perfectly resemble the initial work.

Image from page 176 of “Outdoor life and Indian stories : making open-air life appealing to youthful Us citizens by telling all of them about woodcraft, indications and signaling, the stars, fishing, camping … : in addition stories of noted hunters and scouts, great Indian
credit counseling
Image by online Archive Book Images
Identifier: outdoorlifeindia00elli
Title: Outdoor life and Indian stories : making open-air life popular with youthful People in america by telling all of them about woodcraft, signs and signaling, the stars, fishing, camping … : also tales of noted hunters and scouts, great Indians and warriors … these true and interesting
Year: 1912 (1910s)
Writers: Ellis, Edward Sylvester, 1840-1916
Topics: Indians of North America Camping
Publisher: [Philadelphia? : s.n.
Adding Library: New York Public Library
Digitizing Sponsor: MSN

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Text Appearing Before Image:
ust could possibly be placed in those of th<*other race, and unfortunate indeed was it for Moravian Christiansthat they did not act upon their own counsel. Before entering Salem, the main made all his warri-ors keep their weapons at the rear of, in order never to alarm their particular hosts.whenever prepared toleave, he turnedand addressedthe assembledChristians thank-ing them for theirhospitality, andassuring themthat they couldalways dependupon his stead-fast relationship. Listed here incident will illustrate a peculiar stage ofthe personality with this remarkable guy : perhaps one of the most noted scouts related to ColonelBrodheads military, and later with Harmar, St. Clair andWayne, ended up being an Irishman known as Murphy. He was a rollick-ing other, with the wit and waggery of his people, courageous tothe last level, and a master of woodcraft. Some of the exploitswith that he is credited sound incredible. No Indian couldfollow a shadowy^ path through woods much more certainly, and fewwere their equal in sources and quickness to understand right

Text Appearing After Image:
A FIGHT AT ODDS 164 WARRIOR AND KNIGHT thing to do in an emergency. He was tall, bony, homely of fea-ture, with a shock of fiery purple hair and a freckled countenance.With numerous, his greatest gift had been their fleetness of foot. In allthe events in which he engaged he never ever came across his superior.Simon Kenton, just who, inside the prime, could run like a deer, saidMurphy was able to lead every one else. This point became dominant towards Indians, and manyof them help with their particular maximum attempts to recapture him. Awareof the valuable assistance he gave towards the whites, they might havegiven much to lay on the job him. He previously slain and scalped(unfortunately that barbarous training wasn’t confined into redmen) several of their most noted warriors, and there would havebeen general rejoicing among most of the tribes could the meansbe discovered to check on their destroying career. Well, disaster came to Murphy eventually. He had a hardfight with three Delawares, one summer time afternoon, in thedepths associated with the wilderness. He shot one, wounded the next,and

Note About Images
Please note that these images tend to be extracted from scanned web page images that’ll have-been digitally enhanced for readability – color and appearance of these illustrations may not completely look like the first work.


Do You Believe There Is Free Identity Theft Protection

Are you getting free identity theft protection services? If the answer is yes, then you are smart and wise. If not, then you have to read this article very careful. There is a saying, it is better to have little protection than no protection at all, when it comes to using a free identity theft protection. Let me remind you that, before you discard the thought of getting free identity theft protection.

Are You Using Them To Protect Your Identity?

It is important to understand there are many identity theft protection companies are not up to their standard when trying to provide such services. With that, there are many media reports that mentioned on how people personal information is being stolen.

Avoid Doing This Will Make You The Next Identity Victim

By having taking up a free free identity theft protection service can clear you from any unwanted problems, and potential financial losses. It is better than having no protection all since it has been researched for more than 3 years.

With more than 220 million records of personal date being stolen or lost, therefore using a free identity theft protection can really help you to prevent from becoming an identity theft victim.

For every 5 person, 1 person would be the next identity theft victim. That’s why it is important to use so-called free identity theft protection services. One of the reasons is because there is that more and more financial institutions are issuing credit cards so easily and there will more occurrence of identity theft around the world.

Are You Getting The Protection You Deserve

Rather than avail of such easy credit and then risk having your identity stolen and then have to pay more to protect or repair your identity it certainly makes more sense to look for free identity theft protection before proceeding further in taking readily available credit. Remember, that taking a little action is a lot better than not taking any action.

What Are The Methods You Entitled

According to US Federal law, you are given 1 free annual report from each of the three main credit bureaus. Also, you are entitled to get a free copy in case you have, of late, been refused credit or if you have been made a victim of identity theft. These little free steps are some of the measures everyone can take in order to prevent identity theft.

Are You Having A Plan

With a free service in mind, you should have an identity theft protection plan that follows certain set of principles. You also have to act with caution when revealing your personal information, thus reducing the usage of using free identity theft protection services or worse still, need to spend to get the necessary protection against identity theft.

Simple Acts Does Wonders These Days

Although you are doing some simple, small increments actions such as not releasing any of your private information to any people, this could be that this simple but free measures such as storing your Social Security card in a safe place as well as destroying old an unwanted bank and credit bank statements that you undertake may ensure that you have a reasonable chance to prevent becoming a victim of identity theft.

Do you want to prevent identity theft ? Are you looking for the right techniques or tips? If not, why not go to prevemt identity theft website now for more information and get yourself a no-frills report on myth, lies and misconception of identity theft.

Personal Finance 101 – 5 Tips to Successful Budgeting

individual Finance 101 - 5 methods to Successful Budgeting

A quick guide to cost management.


TOP TIPS for LOWEST RATES on Car Loans – by Kevin Hunter
Kevin Hunter is a Radio Host of The Business Forum Show, and has spent countless hours researching and publishing materials to help car buyers. In addition to this video, you’ll find “13 Car Buying Mistakes – How Car dealers rip you off”
Kevin Hunter is also the writer and author of “Is that the best you can do?” on Kindle and Amazon, and credits the negative environment in the car business for inspiring him to write his incredible book on business. Take his advice seriously.

With either Good Credit or Bad Credit, you still deserve the best interest rate you qualify for on a car loan. Avoid the many auto dealership and vehicle finance scams out there.

Need advice on how to create an amazing future for you and your business? Find our book “Is that the best you can do?” available now on Kindle on Amazon.