Personal Bankruptcy Archives - Page 11 of 82

Debtors Anonymous

Posted on April 1, 2016April 13, 2016 by Jordan Rumanek

Debtors Anonymous

It can often feel lonely when you are in debt because it is often embarrassing and difficult to talk about financial problems. You have options and you can find people to help you and talk to you—perhaps you can find these people in the form of a support group. Debtors Anonymous is a group of people who have been or are currently experiencing financial problems. The program is a 12-step program and you gather with other people to share your experiences, find a sponsor to help you set up a spending plan and essentially help you get your financial life back on track—especially if you feel your life is unmanageable. You can search for a support group by going to www.debtorsanonymous.ca to find a location near you. This website also offers information regarding various events, news you can use and different groups in your area.

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.

Did you accept a loan?

Posted on March 25, 2016April 13, 2016 by Jordan Rumanek

Did you accept a loan?

If possible, it may come to a point in your life when you need to ask a family member or friend for a loan. If a family member or friend offers to help you out financially, you need to ask up front if this is a loan or a gift. Often times, family and friends will be in a positive financial position to help you out and this can be extremely helpful. Sometimes a cash gift can be a spirit of generosity and you can thank them and their generosity. However, sometimes you need to pay them back and you need to be responsible for making it happen. Make up a pay-back contract and be realistic about it. Can you pay back $100.00 a month? Less? More? Figure out what is realistic for you and stick to the payment plan. Pay it back monthly—or potentially ruin your relationship. Keep track of your debt and what you owe because it is your responsibility to know the monthly balance. In sum, address what you can reasonably pay but also fund your needs. Do not continue to punish yourself—just take responsibility and perhaps this person will be willing to help you if you ever need help again in the future.

Debt-Repayment Plan

Posted on March 18, 2016April 13, 2016 by Jordan Rumanek

Debt-Repayment Plan

If you realize you have a financial problem or your debt is out of control, you need to start by committing yourself to creating a strategy to pull yourself out of debt. Realize you do not have all the answers but start by paying the minimum or perhaps less than the minimum on all debts. If possible, combine all debts into one debt and make the calls to your credit card companies to explain your financial situation. Ask to pay less, ask to reduce the interest and ask for help. If you begin to change your financial behaviour, your financial life will begin to improve. If you and your partner are in debt together, you need to have a real discussion about who will pay off certain bills based on income.

Save First & Small Savings=Credit Cards

Posted on March 11, 2016April 13, 2016 by Jordan Rumanek

Save first and Small Savings become Credit Cards

Save first and your savings will help you be realistic and you will be able to live on less. It is a mistake to feel entitled to purchase—that feeling of entitlement or language such as: I deserve it! is a false positive. Instead tell yourself that you are entitled to save. Open up 3 savings accounts to help you save for a variety of different items and life events. First, you need a savings for 3 months emergency. Second, you need a short- term savings and you can use this account every time you feel the need to use a credit card. Third, open a savings account that you can not access easily or by debit card. You will be likely to spend from this account because you will have time to think about whether or not you need the item you want to purchase.

Category: Personal Bankruptcy

Debtors Anonymous

Debtors Anonymous

Did you accept a loan?

Did you accept a loan?

Debt-Repayment Plan

Debt-Repayment Plan

Save First & Small Savings=Credit Cards

Save first and Small Savings become Credit Cards

Get Started Now

Schedule Your

<img decoding="async" class="alignright size-full wp-image-6522" src="https://b2015488.smushcdn.com/2015488/wp-content/uploads/2015/07/DebtorsAnonymous.gif?lossy=1&strip=1&webp=1" alt="DebtorsAnonymous" width="119" height="110" />Debtors Anonymous

<img loading="lazy" decoding="async" class="alignright size-thumbnail wp-image-6513" src="https://b2015488.smushcdn.com/2015488/wp-content/uploads/2015/07/debt-sept-150x100.jpg?lossy=1&strip=1&webp=1" alt="debt-sept" width="150" height="100" />Debt-Repayment Plan

Get Started Now

Schedule Your

Debtors Anonymous

Debt-Repayment Plan