I think one of the many reasons why we are experiencing this kind of economy right now where a lot of houses are in foreclosure is because of too much debt. People took a loan with big interest and even after refinancing still it’s not enough. That is why before signing any kind of contract or documents be sure to read that fine prints or just read everything before signing your life away as you can never tell that’s where “delicate part” is. One’s you’ve signed that’s a legal contract already and threes no more turning back.
With these current economy that were facing right now, where people are losing their job and we know where that would direct us if we don’t have work anymore. That means, we can’t make house payments anymore, or even credit card payment and for some we still have medical bills to attend to. If we’re having a hard time making both ends meet what do you think will happen to us? I remember my mother in-law telling me the last time during one of our conversation that if her brother was still alive today, he could have live 50years or more but they will still be in so much debt. She left me speechless, didn’t realized that her brother was in so much debt. For me hope it will serve as an experience that we all should learn from, being in so much debt is not fun at all and you’re destroying your reputation your credibility. So if your also in the same situation don’t hesitate get help, to Avoid Bankruptcy. It’s not good in your credit history one’s you file for bankruptcy, it’s like a piece of fabric, ones stained and you’ve tried so hard to get rid of it and even though you’ve managed to eliminate it the clothe won’t be the same anymore.
No comments:
Post a Comment