What's Da Buzz?

For all of my readers who have even a tinge of a Filipino accent, say the next line out loud. Financial debt is financial death. For those of you do not know someone in the household with a Filipino accent, we pronounce debt with a silent b and death by replacing the “th” with a t sound. Do that and try to say it out loud. There, a quick lesson in Filipino accents.

Using that saying, look at your personal finances. Hopefully, you have no credit cards, no personal loans, no car loans, and no property loans. If you are in that situation, you are likely not living in the USA or are similar to my Goryo’s parents who worked hard, were financially conservative, and financially wise.

For the rest of us and many in the USA, we have issues with debt as society in the USA was pushed to view debt as acceptable. Now, we have learned what we have always been taught. Debt on a personal, societal and national level is a bad thing and always has been.

How do you get out of it though? It seems like a trap. You may need help in the form of debt consolidation to get you started. Since most people won’t listen to their family or friends, visiting that website and getting professionals chewing you out may be the best answer.

Most of us have heard the terms listed on the website. There are negative terms such as bankruptcy, collection agencies, and sometimes credit counseling. There are better terms such as debt free, lower payments, saving money and debt settlement.

My preference is the term debt settlement because it allows you to pay on the face value of the debt avoiding the crippling interest rates. Sometimes you can do this on your own, but there is greater power in numbers and having representation force an issue. We are rookies, they are professionals at it.

You can get to being debt free fast with their advice and a few key steps to remember. When you are on the path to getting debt free, do not add more debt. When the debt is gone, focus on building up your savings. Instead of looking to the federal level for direction when they get confused between what a plus and a minus is, we can do our part. The less debt we have individually and the more savings we have equates into more capital for the banking industry for lending to people and entities that know not to spend more than they make.

It all starts though with reading up and getting out of debt. This is merely an entry under 500 words. The link has a wealth of information that I’m not going to retype here. Just click on the link in this entry and you’ll get tons of information about bill consolidation.

Thank you,

Anah