Debt-free in three years
Comment on the story
2014/01/05 03:26:06 PM
Step1: Force those who want your money to proof an actual and awful debt exists. Step 2. Make them proof that they are the lawful holders of the debt and make them show you the original instrument that created the debt.
Steve du Preez
2014/01/05 06:57:42 PM
Step one: Pay what you owe Step two: Pay what you owe Step three: Don't be a jackass Step four: Pay what you owe!!! You get the picture??
2014/01/08 08:53:23 AM
That is dishonest @sxp. If you incurred a debt you know you owe it so pay it. Someone else suffers when you don't pay your debts.
2014/01/06 03:47:41 PM
Why focus on the smallest amount, shouldn’t you pay the debt with the highest interest rate first?
2014/01/08 08:47:06 AM
@Yaseen, I was told to focus on the biggest debt but I found it overwhelmed me and I gave up. Then I did what this article said - I tackled the smallest debts first and the encouragement it gave me when they dropped away was enormous. The big debts (bond) are still very overwhelming though. AVOID DEBT AT ALL COSTS!
2014/01/08 08:51:08 AM
One further piece of advice should be added to the above article, that is : Getting into MORE debt will not solve your financial difficulties. People borrow money to try and start business's, or to buy things they think will earn them extra money to pay off their debts but it seldom works out that way. You only end up owing more money. Rather start small (business) and don't buy anything on credit.
2014/01/08 10:22:51 AM
What is your view on applying at a debt counsellor to handle the restructuring of your debt? They take their fee and agreed installments paid to your creditors on your behalf. Your application is processed through the court so your creditors cannot take legal action against you.
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