ARE you facing a mountain of debt that you can’t pay and don’t know what to do about it? Perhaps this situation is causing you a lot of sleepless nights and making you very nervous. What should you do?
Debt problems can wreak havoc on your personal life in many ways. And left unsolved, they can spill over into other areas of your life, causing problems not only at home but maybe even at work or in your business.
If you are struggling every month to make even minimum payments on your debts, maybe you know what I am talking about. Maybe you’ve been trying hard to break free from the vicious cycle of debt but you just don’t know where to start in finding a way out.
Some people are trapped in an endless pattern of borrowing. They want to stop but they just don’t know how. These are the people who are already buried in debt as it is and yet they continue to borrow every month just to pay other debts. At some point, they knew that their debts have spun out of control so they just stopped keeping track of them.
When was the last time you took an inventory of your debts to see how much you owe, how much interest you are paying and how long it will take you to pay off what you’ve borrowed? If you haven’t done this in a while, I suggest that you take the time to do it in order to find out exactly where you are. This may be an intimidating process to some people. Others simply don’t want to know because they are in denial about how serious their debt problems are. They are afraid to know and have to face the reality of their debts.
In order to reduce the burden of debt in your life, you will need to develop a strategy to get out of debt. Maybe you need to cut your spending and learn how to live on a budget. Perhaps you need to give up a few things in your life no matter how much you want to have or keep them.
To get out of debt, you need to make several commitments to yourself. One of them is being able to stick to a budget that allows you to live within your financial means. Stop using your credit cards except for emergencies. Avoid the temptation of purchasing anything on credit. If you can’t afford to pay cash for something that you want to buy, that means you can’t afford it, period. If you need help in figuring out your legal options, call my office at 866-477-7772 to request a free attorney consultation. I have offices in Pasadena, Valencia and Cerritos.
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None of the information herein is intended to give legal advice for any specific situation. Atty. Ray Bulaon has successfully helped thousands of clients in getting out of debt. For a free attorney evaluation of your situation, please call Ray Bulaon Law Offices at TOLL FREE 1 (866) 477-7772.