Ways of Avoiding Bankruptcy
I started this blog with the idea that one day I would be able to take care of all my debts.
So far this has been harder than I expected but every day I reduce my debt is a day that I feel better about myself. Abacus Debt Management is all about priorities in life. I have discovered that if I only engage in financing items that are meant to give me an income later in life, I have no issues with taking control of my debt.
Imagine a scenario where I could have got a loan to upgrade my car. I took the loan from the bank and went ahead and paid to get a little more education. It was interesting to note that the bank had a problem lending me funds for an education but not for a new car. I got a better paying job and was able to pay off their debt without going bankrupt in 3 months instead of the expected 2 years.
If you are borrowing I would advice to invest in yourself first. Other things will come later and are not that necessary anyway.If you find your kid going too many times to the mal
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