One online reader uttered the cry; why not, go for it! That is a positive expression if ever there was one, because the round table discussion around the time of writing this article on samle smålån og kredittkort was a heated one to do with dealing with large volumes of debt. Not since the last financial crisis have so many people from around the world been in so much trouble with those fearsome debt collectors.
Not being able to receive any new credit, these folks continue to endure sleepless nights wondering when the wolf will come knocking at their doors. But folks, do not worry, because if the wolf knows the law by now, he won’t be knocking on your door any time soon. And if he’s an illegal operator, otherwise known as the much maligned debt collector, he’ll be running for the hills, hoping that the authorities will never latch on to him.
Well, we’ve got news for him. If he’s got granny’s glasses on and he’s reading this, he had better know that federal and state laws have been enacted declaring that he’s collaborations with your long time creditors are, in fact, illegal. Have you ever wondered why your creditors stopped calling you once upon a time? When you couldn’t afford to keep up with your credit bill, your creditor never lost a wink of sleep.
Banks are guilty of this too. What happened was this. Mortgage operators, well, many of them were able to foreclose people’s properties. That’s one of the biggest shames. But in general, creditors could sell their debtors books to debt collectors and make a killing. Even debt collectors were in on the act, some of them still are. They too, sell your old debt forward to another collector. Not anymore. If you’re not so sure about the legalities, you can approach the authorities on how to handle such deviousness.
And if there is still debt that you are legally obliged to settle but can’t quite manage right now, you might be eligible for a debt consolidation loan. Usually proof of monthly or business income is all that is required to qualify for an unsecured loan. But note too that affordability tests will also be done. You will only be granted an amount that you can realistically afford to pay back to your new credit grantor. But you need to be vicious and disciplined in your approach to settling all outstanding debts.
The responsibility still lies in your hands. But not to worry. If you feel that this form of required discipline still overwhelms you, you can still talk to a registered debt counselor or financial service provider to help you tailor a manageable plan. In fact, talk to these officials before you apply for your consolidation loan, just to be on the safe side. Who knows, there may even be debt by now that can be written off.