We’re all in the same boat now. Millions of us are dealing with so many crises happening to us at the same time. You may have lost someone close to you, due to the virus. You may have been without contact with your grandchildren for months on end. You may even have lost your job recently and are now, facing financial burdens like never before. More than likely, you’ll probably be under a pile of debt. For some of us it’s manageable, for many others it will be horrendously difficult to keep up with. But you cannot throw in the debt towel! Here are just a few reasons why.
Debt consolidation
You’ve probably heard of this saying but you don’t quite know what it means. In layman’s terms, it’s when you amalgamate your debt into one large simple payment plan. No matter if you have car payments that are outstanding, mortgage, rent, credit card, or insurance payments that you are unable to pay separately. Well, when you consolidate your debts, you make them into one payment, that is then extended further than the timeline of the other payments. So in essence, you pay very little, each month, so you can get your life back on track. However, for this extra time and more manageable payments, the contracts are longer and thus, you usually end up paying more.
Discharge your debt
Debt relief comes in many forms, but in the USA it can be dealt with using very special clauses in the constitution. Take a look at these incredible techniques for debt relief in the USA. Firstly, you can regain your legal title to your body, which means you regain your entity at birth that was taken from all citizens by the federal government. Then you can reclaim your CQV trust which is usually taken from you at birth by the IMF. You can then begin to reclaim your identity and thus, you may not be eligible to pay off the previous debts that you owe. If that isn’t what happens in your particular case, from now on, you won’t be amounting debt like everybody else. Since you’re no longer part of the normal system, the laws revolving around debt, won’t apply to you anymore.
Heart of iron
If you are okay with relinquishing some of your lifestyle, then you can erupt from underneath your mountain of debt. If you can move into a smaller place, just for the time being. Your rent will be lower and you will have made a killing from selling your house or condo. You should also get to work through other means than driving a car. Can you cycle to work? Can you use public transport? If it’s cheaper, then make this sacrifice with open arms. As long as you know that this is temporary and you plan to make a lifestyle comeback, this is worth doing.
Debt is never ever insurmountable. It’s a monster that can keep you awake at night, but it cannot devour you if you don’t want it to.
