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What do you have to show for it?
Draw a line down the middle of a sheet of paper from top to bottom. On the left hand side write down the sum total of all your consumer debt. Make the number as large as you feel it is based on how heavily it weighs on you. (If it keeps you up at night it may deserve to be drawn in big evil-looking block letters that take up the entire half of the page.) On the other side of the page make a list of the things you currently have to show for that large number that looms ominously from the other side of the page.
Ask yourself in what ways would your life be better if instead of all these things you bought you had zero debt? The truth is until you decide that you want to be debt free more than you desire the things you've purchased on debt you can never break free of this cycle.
Many years ago my wife and I found ourselves in a lot of debt. When we sat down to figure out where it all came from and what we had to show for it we were appalled to find out that we'd been using the credit cards primarily to eat out - a lot. So most of what was purchased with debt was getting flushed down the drain, quite literally, while the credit card balances kept accumulating. The only thing we had to show for the mountain of debt we'd accrued was our expanding waistlines and closets full of clothes that no longer fit. We hadn't made very wise choices concerning our use of consumer debt.
Take the time to ask yourself some hard questions about the wisdom of your choices and be ruthlessly honest with yourself in answering them. In the end you'll be glad you did.
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∙ 13y ago
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Where can one find information on how to consolidate unsecured debt?
The Federal Trade Commission has a website that is called Consumer Information. There is a tab on that website that is called Dealing with Debt. They have a wide variety of information to help get out of debt, dealing with bankruptcy, etc.
Debt maturing in more than 1 year is often called?
Debt maturing in more than 1 year is often called FUNDED debt.
Where can one learn more on debt consolidation and management?
If one is interested in learning more on debt consolidation and management it is recommended to check out the Debt Relief Center website. This site offers all the information one may need regarding debt consolidation and management.
If the debt-equity ratio is 1.0 then the total debt ratio is?
The total debt ratio is .5; total debt would be .5 as well as total equity (both added together equal 1). Total debt ratio = .5 (total debt)/.5 (total equity)= 1.
How can I get Debt Relief?
tomm653: Freedomdebtrelief.com is an excellent website to help you get out of debt as you can cut your debt up to 50% and be debt free in 1-3 years.
What do you do to replace the oxygen debt?
you repair the oxygen debt with exercise
Where can one find help for dealing with debt collection?
When dealing with debt collection it is in ones best interest to speak to a financial advisor or financial planner. This will ensure one has the knowledge to get back on track and out of debt.
Where can one find information on how to consolidate unsecured debt?
The Federal Trade Commission has a website that is called Consumer Information. There is a tab on that website that is called Dealing with Debt. They have a wide variety of information to help get out of debt, dealing with bankruptcy, etc.
Where can one find information on dealing with a state tax debt?
Information on dealing with state tax debt, and the help that is available can be found on websites such as TaxDebtHelp or TotalTaxLawyer. As with any debt, it is always considered best to share any concerns that one may have.
Any advice dealing with debt relief?
Advice on credit score dealing with debt relief can be found online. Just make sure they are reputable and have a decent better business grade to deal with.
What occurs if energy reserve in a muscle are depleted after heavy exercise?
an oxygen debt
How do you prevent oxygen debt?
You dont exercise. ever.
When your skinny do you get fat as an adult?
Depends on how you have been dealing with your eating and exercise.
What are the best methods in dealing with debt collectors?
There are several approved methods for dealing with debt collectors. One method is to set up a payment schedule with the collections agency. Another is to hang up and change your name and phone number.
Where is the best place to go for debt help?
The best place to go for debt help is a lawyer. Lawyers have knowledge in this field and can be very useful when dealing with debt or other legal matters.
Where is a forum to discuss debt?
Motley Fool holds a debt discussion on their website. To find it, on the site, go to boards and enter dealing with debt. You'll find many recent threads on the topic.
How does consolidation of debt work?
The purpose behind the whole idea on consolidation of debt, is to allow people dealing with various amounts of debt to group it all into one. By consolidating debt, one can have their monthly payment lowered or have their interest rate decreased.
