Nobody wants debt- Do they!

Debt is something nobody wants to go into, before things get really bad and out of control.  You should read about some debt handling situations.

Debt Handling situations

Debt

Basics are lower insurance deductibles for your homeowners, vehicle, and if you rent then for what you are renting as well.  Get over draft protection and save a lot of money, you never know when you might slip up and bounce a check.  You should ask your banker about Package Account Services, many of these offer free checking accounts and even free savings accounts. Check your receipts every time you shop, you never know when a store is going to mess up.  If they do then you will get them for free, that is money saved, and there is nothing wrong with a little money saved!

If you happen to have medical bills of any kind, the first thing you are motioned to do is charge the bills or refinance your home.  Don’t do that, notify the billing parties and let them know that you want to apply for financial aid. There will be forms to compete and yes they will most likely be long and boring but remember they are basically free money.  Once you have filled the forms out then set up payments for 30 years of just $10 a payment.  Healthcare is not a credit card and is not reported the same as a credit card.

Also take back any of the items that you do not need that you can find receipts for and get that money to pay off some of your debt.  If it has been more than thirty days then you might as well keep it.  There are ways you can get your refund though, write a letter stating that you want a refund and say “it never worked right in the first place”.  Send a letter to the manufacturer, to the better business bureau and see what you cannot come up with, I am sure that you would be surprised.

Debt handling conclusions

The main deal is, is to get back to where you want to be! And that is debt free! It is not that hard if you look at it and take it in stride.  Make a budget, stick to that budget, and when you get out of debt, then stay out of debt.