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- As you can see, debt can really turn your life around. You can lose your job, family, and drive you to financial depression
- However, it can be very helpful in times of need. As long as you use it wisely, it can be extremely beneficial. I hope you learned a lot and goodbye!
- Not only that, you're paying the minimum amount for each payment which leads to higher rates and a longer period of time to pay off your debts.
- So what should I do to resolve my financial issues?
- The best way to get rid of debt and develop a better credit score is to pay bills on time and in full/ This will show that you have the ability to pay off debt to lenders
- Exactly! People will notice your responsible behaviors which will allow you to apply for more jobs. But once you get a job it's important to not over spend.
- I usually don't spend a lot of money, so I would have to talk to my wife about this. She is uncontrollable with a credit card
- Correct. Credit cards are known for a convenient way of buying things. Taking out smaller loans and less credit cards and paying them off in full will result in lower rates and more opportunities
- But this means that I would have to take less loans and give up more for my loans and less for my entertainment
- Well, life is all about trade-offs. If you don't want to drown in debt , you will have to risk your enjoyment for loans. This isn't the most desired strategy, but it gets the job done!
- If it means no interest and financial stability, then I'm in! I can't wait to start paying off my debt and alleviating my stress!
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