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Archive for May, 2010

Have You Thought of Bankruptcy?

May 20th, 2010 at 04:30 pm

Bankruptcy is a personal choice. When the average person is overcome with money issues and debt, the typical response is to take the quick way out and file for bankruptcy. The stress from creditors calling can send anyone over the edge. However, regardless of your financial situation it is important to think with a clear mind. Otherwise, you may jeopardize your financial opportunities in the future. If you are considering bankruptcy, first look at different options. Have a clear understanding of what it means to file for bankruptcy. Once you are educated about your bankruptcy options then you can make an informed decision. Bankruptcy really should be the last solution.

Alternatives to bankruptcy
Your first step is to evaluate your financial situation to determine if filing for bankruptcy is right for you. If it isnít the right choice, look at other options.

ē Call your creditors yourself. Explain your situation, and see if an agreeable payment plan can be implemented. They may be able to reduce your minimum monthly payments, waive late fees, give you zero interest, and extend the payment period. You donít know until you ask.

ē Contact Consumer Credit Counseling Services (CCCS). CCCS is a non-profit organization that helps individuals in debt. They are nationwide, and they have partnerships with many financial institutions. They will work with you and your creditors to come up with a debt management plan that is tailor made for you. They may be able to help you avoid bankruptcy.

ē Think about consolidating all your debt into one payment. Consider getting a debt consolidation loan or transferring your debt to a zero interest credit card to have one payment. Look for hidden fees associated with this choice.

Be aware that bankruptcy will temporarily stop bill collectors and creditors from harassing, calling, and filing lawsuits against you. However, the creditors may start harassing you again. Also, certain financial obligations cannot be apart of your bankruptcy filing.

1. Student loans
2. Alimony
3. Child support
4. Restitution for DUI
5. Fraudulent debt

Bankruptcy is a big decision that should not be taken lightly. It is a personal choice that will affect your credit and finances for seven to ten years. Before moving forward with bankruptcy, look at all your options. If it still makes sense, you will have to decide.

Are You Happy?

May 10th, 2010 at 02:06 pm

Iím choosing to be happy no matter what the cost. Being happy is a learned process and behavior. It can be daunting at times. However, it is better then the alternative Ė misery. Sure everything isnít perfect, and people and situations still get on my nerves. Nevertheless, Iím learning to take control of my emotions, feelings, and choices. No more will I allow them to determine my daily outcomes. Happiness is a choice and I choose to live and dwell in happiness.

It doesnít mean my choice to be happy is easy. Matter of fact, at times it can be pretty darn hard. However, Iíve rearranged my life, home, and time to fit my new objective -- happiness. Wow, what a difference a day makes when your goal is to enjoy instead of destroy everything youíve been blessed with.

When negative thoughts come Iím trying to dwell on what is good and pleasant in my life. When pessimistic feelings and emotions try to take a stronghold, I think about how I am so blessed to have my health, strength, and my ďrightĒ mind. I'm blessed to have my husband and daughter and to be here for them.

My happiness means Iím reading less of the news, and thank God I donít have television to steal my hope, joy, and dreams. In spite of this economy and the doom and gloom that is presented to us daily, I can truly say I am content and happy. I love where I am in my life. Iím happy with my choices. And, Iím excited to wake up each day to see where my life-journey takes me. Happiness is truly a choice worth choosing.

What about you, are you happy?