Financial Situation Archives

May182020 by Carol JamesNo Comments

What Does a Credit Card Hardship Program Entail?

Finance

While the prospect of letting your credit card issuers know you’re struggling with money might seem like a situation you’d like to avoid at all costs, there are certain instances in which it’s more beneficial to be honest than to keep your troubles hidden — and risk falling behind on payments altogether. Believe it or not, sometimes lenders are pretty accommodating when borrowers are having problems. But you will have to have a frank conversation with your creditors to qualify for any sort of hardship program. Otherwise, the bills will keep coming, the interest will keep accumulating and your credit score will keep taking hits. Credit Card Hardship Programs: What to Expect While creditors don’t unanimously offer hardship provisions to cardholders, many do. And, if you’ve never heard o...

How To Get Back On Your Feet Financially

Finance

Are you trying to get back on your feet financially? It can feel like an impossible task when you find yourself in a less than ideal financial situation, as it seems like a slippery slope. Not to mention, the cost of living can make it hard to make any progress. There are ways that you can improve your situation and get back on your feet, though, and combining a few of these strategies could have a big impact on your situation and, in turn, your entire life. So, if you are trying to get your finances back on track, read on for a few suggestions. Set Out Your Financial Goals First, you will want to sit down and work out your financial goals in both the short and long term. This might include clearing debt, having a certain amount in savings, buying a home, or any other goal that you might...

Mapping out the Future: What Should Be Your Top 5 Priorities When Starting a Family?

General

Starting a family can be a daunting thing. While inspiring and something you and your partner absolutely would love to do, there’s obviously a lot to think about, so much so that it can be hard to know where to begin. Today, we’re going to explore the five core priorities you need to be thinking about when it comes to starting a family, so you can focus on what matters and start your journey in the best possible way. 1. Emotional Stability If you’re wildly in love with your partner and you’re overcome with emotion, you need to make sure you’re in the right mindset for starting a family. Likewise, if you find yourself entirely in love one minute, but at each other’s throats the next, this can be a tell-tale sign of emotional instability, and bringing a child into this world is not going t...