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Debt Collection | 3 Reasons Why They Increase Intensity

Posted by Jim on Jul 1st, 2012 · 0 Comment

Debt Collection, payment, debt management

You know you have debt obligations, but are you finding yourself getting uncharacteristically bombarded with collection calls. Here are a few very important theories as to why that may be. It may be that creditors are breathing down the necks of the collection agencies to collect all they can. We in the US are still experiencing at least a Recession, some may say a Depression. Money is hard to...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Debt Collection | 3 Reasons Why They Increase Intensity

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