Resist the urge of instant gratification and stop financing your life through debt. Repay any debt you have and become financially free.
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Since 2007 when the world economy was first hit by the economic slowdown, the banking industry has strived hard to revive the UK economy. This has also led to sudden setbacks for their customers both directly and indirectly. The debt map if any would only show that all regions and people have been somehow been struggling with debt of some kind or the other. The problems surrounding leading banks such as HBOS, Lloyds TSB and RBS reached its peak in 2008 which required the state government to bail them out.
This bailout which was worth billions faced stiff opposition from the masses as it led to the implementation of some stiff and uncomfortable austerity policies by the government. Even today some of these banks have not fully recovered from the setback and are continuing to run into huge and unbearable losses.
I’ve seen you around online, and I like most of your writing. There is one thing I’m not so happy about. When you talk about rewards credit cards, you always talk about how much of a great thing they are. Although, you touch on the dangers of excessive use, you don’t talk much about that part of it.
As long-time readers of my blog know, I got myself into credit card debt while in college and into more credit card debt after graduating. To help me pay off the $10,000 in debt I had accumulated, I took advantage of credit card balance transfers. In this post, I will walk you through my journey of paying off my credit cards and how to save money with credit card balance transfers.
My debt is purely made up of consumer debt and has been accumulated over the last 14 years. I first got into debt when I was 18 years old and able to obtain credit. I had just started work and had a great social life with my friends – the only problem was that I couldn’t afford to enjoy myself quite as much as I would have liked!
Earlier today, I was talking to my mom about the transitions in my career thus far, and she said, “I bet you’ll go get an MBA before this is all said and done.”
I was kind of surprised by that comment. I mean, sure I’d like to go get an MBA because I think it would be interesting, fun, and useful.
Credit card companies are not out to get you. In fact, most credit card companies are honest and have a great deal of integrity. They offer a service to customers and may even offer valuable rewards like complementary airline miles.
It might come to you as a shock, but when you make the minimum amount of repayment against your credit card bill, it takes you twenty years to get out of the debt. When you take a long term loan from your credit card, it might come out to be the worst decision but still, there are millions of card holders who do exactly that and ultimately fall into deep debts. You can get out of the credit card debts by the following seven methods.
Your credit score is the most important 3 digit number you’ll ever come across. The only problem is, no one seems to know what their credit score actually is! So, today, I’m going to do a review of Scoremio. The name may seem new, but don’t worry, it’s going to get big. If they continue to play the right cards that is. Follow me through this review to find out why I say that.