Debt Consolidation

Kris Koonar:
President Homehammer.com

Dear Reader

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Debt Consolidation is one of the popular search terms on the Internet today for one reason only

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 that 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.

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