My friends are knowing that I recently bought a new house - of course with a nice CREDIT!
When it comes to life the majority are always assuming, and the most of them assume the worst.
So - I´ll decided to start this "blogging-thing" about finances.... I hope you will enjoy it.
Creditors, debtors or anyone today all base their theories on assumptions and assumptions from the beginning of time have caused nothing but failure.
When people fail to pay their bills on time, many of the creditors assume that the debtor does not have the means to pay the debt. Many creditors with the assumption that you are not capable of paying your bills will often set up an arrangement or else lower the amount so that you can repay the debt.
This is a step to credit repair, however it takes you to contact the creditors to let them know your situation.
If you have several bills on hand and all the bills are pressing it makes sense to payoff the debt that benefits you the most. After this bill is paid you can set aside an amount the following paycheck to payoff another of the bills.
Once you follow this strategy it allows you to work your bills down gradually thus repairing your credit. If you don’t have the funds to repay the entire bill at most pay the minimum amount so that you can continue using the service.
Most debtors assume they are in debt and there is nothing they can do to resolve the problems that plague their lives everyday.
I´ll write more about the topic the next days, so stay tuned!!