Is Your Credit Card Debt Killing You Slowly?

Does the stress and strain of trying to make ends meet month after month continue to worsen? And if you’re behind, you know how the constant collection of letters and phone calls can really get you down. If you enjoy this type of abuse then read no farther. If you’re ready to do something about it, the information is here.

What you need to get out of credit card debt depends a lot on how large your actual pile of bills are in relation to your income. If it is still manageable, the plan below is perfect to use as a roadmap to get out of credit card hell.

If you have any or all of these telltale signs

1.Borrowing from one credit card to pay another
2.Always pay minimums on your bills
3.Late payments are becoming more frequent
4.Automatically accepting any credit card offer to increase your credit availability

You may be on the credit card companies fast train to consumer finance Hell. The financial institutions were successful a couple of years back in limiting your ability to use even bankruptcy to get a fresh start. Add to this their ability to change credit terms whenever they want, and you can find yourself without options chained to purchases long forgotten but still owed on.

If you want to take back control from the creditors and credit card companies, you really need to get our free report on how to deal with this situation.

Don’t allow yourself to continue to sink into debt as the number of options available will continue to shrink until only the worst possible financial scenarios are left. This is why it’s important that if you find yourself heading for serious debt problems that you take control of the situation now

Buying stuff on a credit card is the absolute worst way of getting the product. Understand that a credit card is nothing more than a loan! You wouldn’t consider going down to the bank and applying for a loan then paying their high interest rates every month to buy a CD or iPod. But because a credit card is so convenient, it doesn’t really seem like it’s a loan. Let’s be absolutely clear that using a credit card is definitely a loan and a very expensive one at that.

Realize that any purchase made on a credit card is at the expense of future income. They are loans! Face it, credit cards may be convenient and easy-to-use, but they are also very expensive. While many of today’s credit cards as interest rates and the nine to 14% range, they’re typically designed with a variable rate structure. This means that although you may be paying 14% today, that interest-rate can and will go up sometime in the future. So even if you suspect that you’re carrying too large a credit card debt, think what could happen if overnight the interest-rates go up an additional two to 4% or even more!

The way to get out of credit card debt is to start with a plastic-ectomy. Simply cut up all your credit cards except one to save for emergencies only. An emergency by the way is not a deal on sporting event tickets or a sale at the mall. By removing the ability to add to your debt, you’ve taken the first step in becoming free from all of it.

Buyers Guides vs. Unbiased Product Reviews why more and

Buyers Guides vs. Unbiased Product Reviews why more and more consumers are preferring the latter?

If you are on the look out for a buyers guide before going on your next shopping spree, here’s something that can help you make a smarter choice! We all know there are buyers guides written and compiled by product experts that are served along with the newspapers and magazines. You can get a buyers guide for buying a new lip color to a new car. Usually these buyers guides tell you everything about your new buy and aren’t you excited at these when they talk about the best features of a new Nokia phone or a new motorbike that is just launched? There isn’t any doubt that these guides are packed with information and still are very powerful tools in today’s markets. Often these guides are compiled by a publishing house and sponsored by manufacturer of products for which the guides are meant for. But let’s keep in mind that most of the time these guides are nothing short of adverts in disguise.

There are several compelling reasons for these buyers guides to mimic an advertisement. One is most of the time the guides are sponsored directly or indirectly (thru advertisements) by product manufactures and so the authors cannot really write against the products and therefore have to toe the line of the manufacturers. And since there is no way that the primary players of the buying and selling game, i.e. the buyer, manufacturer or an existing consumer of the product can interact it becomes basically a one-way conversation where the buyer gets to hear all good things about the product. This is more of a biased representation of the products which it features and in most cases the authors of the guides are the company representatives or other hired people having an interest in promotion of the product.

Appropriately a buyers guide, as the name suggests should be buyer or consumer-centric and primarily cater to the betterment of the consumers. If we think hard, we would know that customer satisfaction goes a long way to strengthen the business. So a true buyers guide will not only help the consumers but also the manufacturer of the products in the long run. Once a buyer criticizes a product it actually presents an opportunity for the manufacturer or the sellers to rectify that defect or lacuna or respond to the changing taste of the consumers. But unfortunately such buyers guides are not abundant in circulation and still the vast majorities are the one-way communication types where reporters and paid experts write a product review more as a part of a business deal than a critical review. Probably the authors and publishers of the buyers guide failed to realize the need of the consumers; the consumers are looking for more than brochures in the buyers guides.

So what is the choice before the consumer in the absence of a true buyers guide? Consumers gradually are learning to differentiate between biased information and true feedback. They cannot be just fooled anymore and already many consumers are turning their back to these sponsored guides. They are increasing relying on fellow consumers for information about products and services. Gone are the times when a company can form a consumer opinion by clever advertising and influence buyers to select their products. The consumers in the 21st century have a very powerful tool within their reach and that is internet. There are already hundreds of blogs which anyone can access and these online journals tell us the real consumer experience about products and services. They also narrate the harrowing experience that some consumers had to face due to unscrupulous companies and or inferior products. The information is voluntary and not paid for and so people perceive them as authentic as compared to the adverts. There are positive feedbacks too which are actually recommendations and consumers are taking cues and choosing smartly.

But the battle against biased information that seek to influence and misguide consumers can only be won if there is a larger participation. It is time for consumer action that makes sure consumers reclaim their rights and their voices are heard. Also they deserve timely action as they are tired of the slow and often ineffective consumer forums that have a very poor record in India. In the backdrop of a weak consumer rights protection system and many vested interests only consumers can help fellow consumers and they can do so without spending any money or much effort. There are already few websites available where a consumer can find out feedbacks about a product and also write a review for others to read. But again discretion should be applied as some of the websites contain many bogus reviews and also paid inserts. Consumer blogs are also very good source of unbiased and authentic information. The best part is that a consumer can also interact with the author and can ask specific questions before making a buy decision. So if you are a smart consumer better listen to your folks than an expert when you want to buy a product next time. Dont worry too much about the experts, you can be an expert overnight and all you just need is to write product reviews which are eagerly waited by other consumers who want to read them.

Debt Management For The Normal Joe

In todays money orientated society it is hard to pursue your lifes need and desires without that big salary that we all wish we could earn. On a normal monthly salary its usually just manageable to feed and clothe the family and pay the bills. So when a minor crisis such as a non-serious car crash, or the washing machine breaking down can be turned in a mountain sized problem if you just dont have the cash to sort it.

The other possibility is a bank loan. The downside of a bank loan is that it can take a while to be processed. This can leave you without transportation, or without clothes for longer than you can afford.

So what do you do? My advice involves a few stages:

1. Get a pay day loan as a temporary solution.
2. Apply for a bank loan.
3. Pay back the payday loan as soon as the bank loan comes through.
4. Manage your monthly incomings and outgoings, so that youre never left with such a crisis in the future.
5. Pay back the bank loan in manageable monthly instalments.

1 – Get that payday loan, but make sure you know that its a short term thing; and dont borrow more than you need. The temptation to borrow a little more than you need and treat yourself can lead to problems in the future.

3 – As soon as the bank loan comes through pay off the payday loan to get that problem off your back.

4 – Now youve seen how bad things can get so easily start to sort your life out. Try to earn some extra money: if theres extra work, do it. If theres a possible promotion, go for it. And never give up on trying to get that job that would sort you out for life. If none of these things are possible then you need to start spending less. This will mean budgeting your food, and cutting down on any treats you may like to bestow upon yourself.

5 – Never forget about your loan always think about making sure how youre going to pay back each months instalment!

I you havent had this little crisis, but you see how it could happen to you, then act now before your rainy day brings thunderstorms for you.