Many people face financial crises at some time in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or simple overspending, it can seem overwhelming. But it can often be overcome if you take action under the law.
The fact of the matter is that your financial situation doesn't have to go from bad to worse. If you or someone you know is in financial hot water, consider these options: Setting a realistic budget and credit counseling from a reputable organization.
Developing a Budget
The first step toward taking control of your financial situation is to do a realistic assessment of how much money comes in and how much money you spend. Start by listing your income from all sources. Then, list your "fixed" expenses; those that are the same each month. Next, list the expenses that vary, such as entertainment, recreation, or clothing.
Writing down all your expenses, even those that seem insignificant, is a helpful way to track your spending patterns, identify the expenses that are necessary, and prioritize the rest. The goal is to make sure you can make ends meet on the basics: housing, food, health care, insurance, and education.
Mississippi Credit Repair customers realize on average a 30 to 150 point increase in their credit scores and an overall credit improvement success rate of 70%-80%. The improved credit rating results in qualifying for new loans and saving hundreds, thousands, even tens of thousands of dollars throughout your financial future. Each customer also receives the Mississippi Credit Repair “Warranty of Service”.