Kris Koonar:
Vancouver, BC Thursday
President Homehammer.com |
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Dear Reader Debt Consolidation is one of the popular search terms
on the Internet today for one reason only
WAY TOO MANY PEOPLE ARE IN DEBT
What seems to be a good bargain at the time
such as: no down payment furniture, electronics and even jewelry
all have a hidden cost. If you make long term payments on anything
chances are you are paying HIGH interest. Add in this interest expense
and you can very well have paid twice as much in the original cost.
Happens to the best of us in fact
43% of American Families spend more than they make each year.
You can do something about it though. This Free
7 part section of Homehammer.com is all about Debt Consolidation.
You may want to bookmark this page as it is updated frequently with
useful free tips that can really save you a bundle.
All these lenders and retailers do not love you
so much that they want you to have the product. The opposite is
true! They want you to be up to your eyeballs in debt and pay them
interest for the rest of your life. Store salespeople are trained
to make you believe that you deserve all these items NOW. This leads
to a buy now and pay later mentality which is the CAUSE of DEBT
Accumulation.
The cure for the “buy now and pay later mentality” is
to consolidate your debt. Now you should not be in debt in the first
place but it does happen.
The key to preventing debt is to avoid buying on credit just because
something looks like a great deal.
If you have troubles with debt then avoid signing up for new cards
at stores even if they offer you something free like a discount
or a nice pen. The reason they offer these gifts is to hook you
in like fish. Thing why would a business give away something for
free? It’s because they can make lots of money of people that
forgot to pay their credit card bills. If you are a person what
can exercise a lot of self control, then its okay to sign up for
those cards to get the discount and THROW them away.
Also NEVER feel bad about telling the salesperson
NO. Too many people buy or sign up for something because the salesperson
seemed so nice.
If you lost your house because your debts became too high would
that salesperson who sold you the big screen TV let you sleep over
at his place or lend you some money?
Of course not! He looks after his own self interest and YOU should
look after yours.
Next
Learn About Home Equity Loans
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