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Do These Five Things to Untether From the Financial Chokechold You’re in
A simplified, step-by-step guide to reducing your living costs every few months
Understanding your credit situation.
Credit is a funny discussion. People will put credit on a pedestal only to be a slave to the debt they’ve accumulated.
Credit, on its own, is a useless resource.
The irony is, even if you have excellent credit, it would be of no use without:
- An ability to pay off added debt.
- A game-plan on how to use that credit to further a project or idea.
Furthermore, people believe in repercussions to debt, particularly unsecured debt. In fact, in states like mine, California, creditors have only four years to pursue a debt from you legally. After seven years of that bad debt existing on your credit file, it simply disappears.
There are laws protecting consumers from creditors poaching debtors. The illegal methods in which creditors reach out make this especially needed. The biggest thing to fear about past due, unsecured debt is a lack of education surrounding your rights.
