Sometimes seizing control means giving it
Sometimes you've gotta start over, and this frequently requires that you
do your homework, lay the necessary groundwork, and burn everything
down. You do the scary thing and pull the ripcord. You jump into an
unfamiliar world that offers to give you a fresh start, as well as your
dignity...despite what the spin doctors are telling you.
If you're someone who's financial world is in a spin, there are a slew
of options and informational links listed below that will definitely
help you take back control and get on with your life.
The same questions continue to keep flooding my
e-mail in-box every single day. I feel your pain and really do know what
you're going through. So let's get you on the right track, shall we?
1. Buried in
debt? Let's look at your options...
Credit counseling: Before
you sign-up with any of
those "non-profits" that are there to guide you through the
debt-laden storms, you'd better know a little more about how they work. Click
here to get your eyes opened.
[By the way
If you've already signed-up with or are currently paying a credit
counseling service, you can always fire them and re-trench/re-strategize your
I'd really think twice before
hiring any of the companies that tout these services, too. I've gotten a
stream of complaints about the results they've delivered for consumers (as in
no results) and they're loosely regulated at best. Read
about one of the most notorious of this ilk that's victimized unwitting
debtors across Southern California. Ben's
Play hardball with your creditors and
re-negotiate first instead of instantly pulling the pin on the grenade and
filing for bankruptcy--assuming this will salve your guilty feelings
adequately, and you've got the dough necessary to settle with them.
Depending on your particular
situation, you may either:
Hire an attorney (my first choice, since there's some
semblance of a check-and-balance in place to protect you from unscrupulous
tactics that'll sting you later) and one of the best, hired guns for
re-trading/settling your debts in the nation to help get you outta the
financial ditch without going the bankruptcy route.
Ready to pull the ripcord and file for bankruptcy? Glad
you're being a realist and are ready to move on with your life...here's some
things to consider:
* A little pre-planning will not only
make this an easy undertaking, but will increase the amount of assets that you
get to protect (and keep!). The earlier you investigate, the sooner you
get educated about the process and can get this ball rolling, and weight off
* If I hear the "...but Ben, I've got perfect
credit!" line of whining one more time, I'm gonna barf. Yeah,
you've got perfect credit--and perfectly whacked-out debt loads to go with it,
Einstein! Wake up and move on. Life's too short!
* Here's another
line that I love: "But Ben...I don't have any money to pay an
attorney to file bankruptcy for me!" Hmmmm...okay whiz-kid,
let's do some math, shall we? How much are you paying your credit card
companies every month? Add it up! What's the total amount of
minimum payments you're squeezing out every month and sending to those
bandits? How much a month does this add up to? $500? $750?
$1,000 or more? Okay then: QUIT sending the credit card companies
your cash and send it to your new attorney instead. They'll take a down
payment and allow you to pay in installments until their federal
court-approved fee is paid in full. Then they'll pull the pin and you
get to get on with your life. [What are you afraid of, screwing up your
credit by not paying them? C'mon! You're about to flush 'em in
bankruptcy court! Get on with it!]
* Okay, humor me...one more "oldie-but-goodie" as
long as I'm venting: "Hey Ben: What do you think about those
do-it-yourself bankruptcy kits? I'd like to save the money."
Save it and spend it on what? C'mon...think. Think!!!
You're about to file for friggin' bankruptcy!!! Quit paying your
creditors/credit cards, save the dough up and send it to your new attorney.
And by the way: You're nuts if you try to undertake such a critical legal
maneuver on your own. Don't be a dope.
As I mentioned earlier in this section, here's the
for direction on this one,
but you absolutely must be sure to include where you
live [city/state] and how much/type of debts you're wanting to flush in
bankruptcy court. If you don't include this information, I won't
your spouse (or significant other) is cheating on you?
Better to find out earlier rather than later in this tough game; click
to get some extremely
strategies and begin figuring this mess out on your
your health? Gonna live to 110?
Sure you are,
Methusala. Unless you want some anonymous judge, or your ex-spouses or
all of those kids and step-children picking your bones over, I suggest you get
off the dime and get prepared for the inevitable. Of
course I've got an entire section devoted to this topic...
not still throwing money down the toilet on PMI every month, are you?
How long have you lived in your current home? If you've been there
awhile, or property prices have risen dramatically, there's a reasonable
chance that you've got more than 20% equity in the property. If this is
the case, you'd better not be paying Private Mortgage Insurance every month;
it's wasted dough that you could be spending elsewhere...like applying to your
principal balance or spending to pay off other debts. Click
here and you're on your way to popping your mortgage company with your freedom
from PMI notice!
10. Got any
old debts that have popped back up outta nowhere?
surprise...there are companies that specialize in buying old, charged-off and
dormant [non-enforceable] debts for fractions of a penny on the dollar and
then rattle your cage and shake money out of you because you don't know any
better. Here's a
terrific letter that'll tell 'em where to put it!
your identity stolen?
Even if you suspect (and don't
know for a fact) that you could be a victim of the fastest-growing form
of anonymous/white-collar crime on the planet, you'd better take immediate
action. Click here
and follow Ben's first-strike strategies.
find what you're looking for?
Not to worry...try Ben's
engine. There are thousands of pages of
information on this website--and dozens added weekly--that are re-indexed
daily, for your convenience. So
what are you waiting for? Get going...
help raising hell? Here are Ben's infamous Six
Steps To Effective Complaining!
It works and solves
your typical challenges about 90% plus of the time. Click
here and go kick some butts!