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What Does Debt Consolidation And Elimination Mean To You?
from:There was once a tenant and a landlord. The tenant was broke and couldn't pay his rent for months. His debt slowly started to pile up. After giving his tenant the benefit of the doubt for a number of months, the landlord finally sent him an eviction notice. The tenant's reply to this notice was this: "I remain yours--truly."
The moral of the story is simple: if you don't keep your debt under control, you are truly at the
mercy of your creditors.
This is why you must confront and eliminate your debt. Don't be the tenant who lets his debts pile up until he is out of options.
No one ever admits it, but debt is never far away from the mind. The only way to get debt off of your mind is to gain control over it. The best way you can do that is through consolidation.
Debt consolidation will give you considerable peace of mind. You wont have to worry about all
of those individual bills coming in the mail with different variables and due dates. Instead, you will pay one bill to one company.
In our story above, the tenant let his debt grow out of control until he had no other options. This is generally how things go. If you do not solve each individual problem as it appears, you will end up with a number of uncontrollable problems that will grow in size.
This is especially true when you have at least a half dozen bills to pay each month. The sheer amount of paperwork overwhelms you and wracks you with anxiety. As a result, you start to ignore debts; and this is when bills start piling up.
Of course, ignoring your problems is never a good solution. You will end up in end to multiple companies and you will have credit agencies banging on your door.
Your solution must be debt elimination through consolidation.
This should never be an "end game" solution unless it needs to be. You are far better off averting debt altogether before it even starts.
This is why you should consolidate all of your bills into a single debt with a single interest rate
as soon as you can--not when it gets out of control.
Once you've consolidated that debt, it will be time to move on to the next step--to begin reducing your overall debt with regular payments and to build your credit rating.
New Debt Consolidation News
Living with credit card debt (WPBN Traverse City)
Right now millions of Americans are living in credit card debt and in some cases a simple swipe of the card could take you years to pay off.
Read more...Cash-Rich Drugmakers Eye Mergers or Acquisitions (BusinessWeek Online via Yahoo! News)
Andrew Witty, the new chief executive of giant GlaxoSmithKline , surveys the wreckage of the global financial meltdown and sees an upside. With pharmaceutical stocks at record lows, it's a good time to acquire biotech companies and other assets that could drive Glaxo's growth for years. Its midsize rival Wyeth is also on the prowl -- but there's a difference. Faced with a shrinking market ...
Read more...Athens Township: ATA Prez.: Debt consolidation could eliminate VJSA upgrade impact (Morning Times)
The Athens Township Sewer Authority is currently looking to refinance a number of loans in its possession, which could ultimately eliminate any impact felt in the sewer rates of Athens Township customers by the mandated upgrade of the Valley Joint Sewer Plant, according to ATA President Dave Steiner.
Read more...Township’s Overdue Debt to Borough Eclipses Affordable Housing in Urgency (Princeton Town Topics)
I’d like to clarify a report in last week’s edition (Town Topics, November 12) regarding Princeton Borough-Township relations.
Read more...Nordic Countries to Lend Iceland $2.5 Billion (New York Times)
Four Nordic countries will lend Iceland $2.5 billion (1.98 billion euros) to help the country recover from its economic meltdown, their finance ministries said Thursday.
Read more...