“The sky is falling…..The sky is falling!!!”….. “London Bridge is falling down!!!”….Indeed, these little old childhood catch phrases can certainly apply to what is happening in the current financial and real estate market! What a reeling scenario we are witnessing in the news. Lenders have often loaned when they should not have loaned, and lendees have borrowed and over extended themselves!
Compounding the above problem, the financial industry is begging for a 700 plus billion dollar bail out! Most people cannot even fathom just how much 700 billion dollars is. Let’s place it into perspective. According to various estimates which can be found on the web, if we looked at the number 700 billion in seconds, that puts us back to a time in history when humans were first migrating into the America’s via the Bering Land Bridge some 22,000 plus years ago!
So with both lenders and real estate markets, and borrowers in dire straits these days it only stands to reason that there is going to be another need for financial help for individuals again! What a cycle—BUT, on a personal level, one sure way to avoid current and future debt trouble is by not over spending on any products or services you may not need—and by consolidating current debt into one easy low interest payment. By doing so, you can pay your debt off before making any new unnecessary purchases. Read more about consumer debt.
If you are experiencing insurmountable debt problems, you may want to consider credit counseling–and at Care One, you can find a host of high quality debt management agencies that can offer debt help, making getting out of debt just as easy as it can be to get into debt in the first place! There is no feeling like being debt free and with expert financial advice, this dream can become a reality!
Posted by Angry Man In The Basement at 9:54 PM